Escorts reports 93% rise in Q1 consolidated net profit
5th Aug 2021

Escorts has reported results for first quarter ended June 30, 2021.

The company has reported 2-fold jump in its net profit at Rs 185.20 crore for the quarter under review as compared to net profit of Rs 92.16 crore for the same quarter in the previous year. However, total income of the company increased by 57.47% at Rs 1718.71 crore for Q1FY22 as compared Rs 1091.47 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 92.72% in its net profit attributable to owners at Rs 178.19 crore for the quarter under review as compared to net profit of Rs 92.46 crore for the same quarter in the previous year. Total income of the company increased by 56.33% at Rs 1750.61 crore for Q1FY22 as compared Rs 1119.85 crore for the corresponding quarter previous year.