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.
ICICI Direct Report
Escorts Ltd. reported a steady operational performance in Q4 FY21.
Total operating income was at Rs 2,211 crore, up 60.1% YoY.
Within its segments, gross revenue from tractors was at Rs 1,739 crore (volumes up 62.1% YoY to 32,588 units, average selling prices up 1.9% QoQ to Rs 5.33 lakh/unit).
Gross revenue from construction equipment grew 53.3% YoY to Rs 322 crore while railway equipment division posted revenue growth of 35.6% YoY to Rs 146 crore.
Ebitda margin at 15.6% were down 245 basis points QoQ amid gross margin deterioration of 280 bps.
Tractor division Ebit margin fell 310 bps on to 17%.
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