Escorts Q4 Review - Rural Demand Loses Pace: Dolat Capital
Escorts Ltd. R&D Facility (image company website)

Escorts Q4 Review - Rural Demand Loses Pace: 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 Q4 FY21.

Ebitda jumped 77% YoY to Rs 3.45 billion with strong margin at 15.6% (up 151 basis points YoY; down 245 basis points QoQ), the benefit of operating leverage was offset by higher raw material cost.

The net revenue grew 60% YoY to Rs 22 billion led by 64% growth in agri machinery products, 53% growth in construction equipment and 36% growth in railway equipment segment.

Management expects Q1 to be weak due to the spread of Covid-19 cases in rural India, two thirds of dealerships are closed (entirely or partially) due to regional lockdowns.

Click on the attachment to read the full report:

Dolat Capital Escorts Q4FY21 Result Update.pdf


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