BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Escorts Ltd. reported strong all-round performance in Q2 FY21.
Ebitda jumped 137% YoY to Rs 3 billion with significant margin expansion at 18.3% (up 878 basis points YoY; up 708 basis points QoQ) on account of better mix (two third sales for 40HP and above tractor), softening of commodity prices and cost control measures.
The net revenue grew 24% YoY to Rs 16.4 billion led by 32.8% growth in agriculture machinery products and 26.4% growth in railway equipment, partially offset by 22% de-growth in the construction equipment segment.
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