Escorts Q3 net profit at Rs132mn

Mumbai : Escorts Limited reported a Net Profit of Rs. 132mn for the third quarter of the 2010-11 financial year ending June 30, 2011. Net sales stood at Rs. 7.28bn. Escorts Limited follows an October-September fiscal year and the reported quarter is the third quarter of fiscal 2010-11.

The Agri Machinery Division recorded sales of Rs. 668.6 crore during the quarter. Tractor volumes stood at 14,212 units. Railway Equipment Sales stood at Rs. 43.6 crore while Auto Ancillary recorded sales of Rs. 30.55 crore.

On a nine month basis, Escorts limited registered sales of Rs. 24.46bn, a 17.7% growth in net sales. EBIDTA for the period stood at Rs. 1.35bn. Net profit for the period was at Rs. 111 crore, marginally up from Rs. 110 crore for the same period last year.