Escorts Q4 Review - Topline, Bottomline Prospects Dip: ICICI Direct

Farmtrac tractor manufactured by Escorts Ltd. (Source: Company website).

Escorts Q4 Review - Topline, Bottomline Prospects Dip: ICICI Direct

Bookmark

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%.

Click on the attachment to read the full report:

ICICI Direct Escorts Q4FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.