Escorts Agri Machinery Volumes grew by 126.6 percent in March 2021

Escorts Ltd Agri Machinery Segment (EAM) in March 2021 sold 12,337 tractors, our highest ever March sales and registering a growth of 126.6 percent against 5,444 tractors sold in March 2020.

Domestic tractor sales in March 2021 was at 11,730 tractors registering a growth of 124.4 percent against 5,228 tractors in March 2020. The tractor demand is expected to continue to be strong led by higher Rabi output, favourable crop prices, and initial positive forecast of 2021 monsoon season, all supporting rural customer sentiments. The rising inflation however continues to be a worry.

Export tractor sales in March 2021 was at 607 tractors against 216 tractors sold in March 2020, registering a growth of 181%.

We are also pleased to announce that in Fiscal 2020-21, for the first time ever in any financial year, company has crossed the 100,000-unit landmark in terms of tractor sales and tractor production in India.

Shares of ESCORTS LTD. was last trading in BSE at Rs.1291.1 as compared to the previous close of Rs. 1273.25. The total number of shares traded during the day was 24666 in over 1322 trades.

The stock hit an intraday high of Rs. 1294.5 and intraday low of 1267.35. The net turnover during the day was Rs. 31646132.

Source : Equity Bulls

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