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Escorts Ltd posts Rs. 178.19 crores consolidated PAT in Q1FY22
Posted On : 2021-08-05 14:35:55( TIMEZONE : IST )
Escorts Limited, has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.1750.61 crores during the period ended June 30, 2021 as compared to Rs.2270.65 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.178.19 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.265.42 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.18.10 for the period ended June 30, 2021 as compared to Rs.26.98 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 1750.61 crs | ₹ 2270.65 crs |  -22.9% |
| Net Profit | ₹ 178.19 crs | ₹ 265.42 crs | -32.86% |
| EPS | ₹ 18.10 | ₹ 26.98 | -32.91% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.1750.61 crores during the period ended June 30, 2021 as compared to Rs.1119.85 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.178.19 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.92.46 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.18.10 for the period ended June 30, 2021 as compared to Rs.10.78 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 1750.61 crs | ₹ 1119.85 crs |  56.33% |
| Net Profit | ₹ 178.19 crs | ₹ 92.46 crs | 92.72% |
| EPS | ₹ 18.10 | ₹ 10.78 | 67.9% |
Speaking on the results, Mr. Nikhil Nanda, Chairman and Managing Director, said, "While respective states are gradually activating controlled unlocks, we at Escorts, are extremely careful and adhering to all safety guidelines. Well-being & safety of our customers, dealers, suppliers, and our employees remain our topmost priority. We have facilitated vaccination for all our employees and working closely with our distribution base to support vaccinations across dealerships and customers and also in local communities.
Unlocking has helped in building demand, easing transport & logistics and improved supply chain across farming community to create a positive industry momentum and we certainly hope that with sustained government efforts, tractor and Agri equipment industry and construction equipment industry will be back on a growth path. While we are witnessing some encouraging developments in the railway equipment space too, it may take some time to come out of the impact of the current environment and regain the preCovid business levels.
We still need to be well prepared and firm up readiness for any further pandemic hit backs. We are aligned and fully supportive to all national efforts to fight the pandemic, and believe, this shall pass soon."
Shares of Escorts Limited, was last trading in BSE at Rs. 1234 as compared to the previous close of Rs. 1213.3. The total number of shares traded during the day was 190995 in over 6494 trades.
The stock hit an intraday high of Rs. 1239.3 and intraday low of 1210.8. The net turnover during the day was Rs. 233937087.
