Escorts reports 85% rise in Q3 consolidated net profit
2nd Feb 2021

Escorts has reported results for third quarter ended December 31, 2020.

The company has reported 83.37% rise in its net profit of Rs 280.65 crore for the quarter under review as compared to net profit of Rs 153.05 crore for the same quarter in the previous year. Total income of the company increased by 24.36% at Rs 2064.65 crore for Q3FY21 as compared Rs 1660.17 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 85.13% rise in its net profit attributable to owners at Rs 286.71 crore for the quarter under review as compared to net profit at Rs 154.87 crore for the same quarter in the previous year. Total income of the company increased by 24.60% at Rs 2090.93 crore for Q3FY21 as compared Rs 1678.15 crore for the corresponding quarter previous year.