Escorts Q3 Review - In-Line With Estimates; Rising Inventory, Input Cost Are Key Headwinds: Dolat Capital  
A farmer transports soil to an areca nut farm in the village of Kuragunda in Karnataka, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Escorts Q3 Review - In-Line With Estimates; Rising Inventory, Input Cost Are Key Headwinds: Dolat Capital  

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 Q3 FY21.

Ebitda jumped 72% YoY to Rs 3.64 billion with significant margin expansion at 18% (up 505 basis points YoY) on account of better mix and cost control measures.

The net revenue grew 24% YoY to Rs 20.17 billion led by 28% growth in agriculture machinery products, 13% growth in construction equipment offset by 6% de-growth in railway equipment segment.

Management stated that the overall rural sentiment is positive because of strong rabi sowing and easy availability of retail finance.

Click on the attachment to read the full report:

Dolat Capital Escorts Q3FY21 Result Update.pdf

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