Escorts Q4 net profit grows 94% to INR 271 crore on robust tractor demand, Auto News, ET Auto

Overall income from functions for the last fiscal also grew by 20% YoY to INR 6,929 crore, the business described. Tractor gross sales were up 24% YoY at 1,06,741 models in FY21 as against 86,018 models in FY20. Overall income posted by the agri equipment organization stood at INR five,667 crore for the last fiscal, up 28% against INR 4,437 crore in FY20.

Amit Panday

New Delhi: Driven by robust desire for tractors, Escorts Ltd has posted a internet financial gain of INR 271 crore, up 94% year-on-year (YoY), for the March quarter. It is internet financial gain stood at INR 140 crore in This autumn FY2020.

Having said that, it is to be noted that March last year observed covid-19 led disruptions for extra than a week as the country went into a complete lockdown on account of the pandemic.

The Faridabad-primarily based manufacturer’s income from functions were at

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