Escorts reports 5% rise in Q1 consolidated net profit
28th Jul 2020

Escorts has reported results for first quarter ended June 30, 2020.

The company has reported 5.34% rise in its net profit of Rs 92.16 crore for the quarter under review as against Rs 87.49 crore for the same quarter in the previous year. However, total income of the company decreased 24.19% at Rs 1091.47 crore for Q1FY21 as compared Rs 1439.67 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 5.38% rise in its net profit attributable to owner at Rs 92.46 crore for the quarter under review as against Rs 87.74 crore for the same quarter in the previous year. However, total income of the company decreased by 23.21% at Rs 1119.85 crore for Q1FY21 as compared Rs 1458.38 crore for the corresponding quarter previous year.