Escorts Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 31, 2018 at 07:54 am
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Escorts Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported total income of INR 12,132.33 million as compared to INR 11,007.906 million for the same period last year. Profit from continuing operations before exceptional items and taxes was INR 1,293.542 million as compared to INR 776.996 million for the same period last year. Profit from continuing operations before tax was INR 1,294.706 million as compared to INR 756.770 million for the same period last year. Net profit from continuing operations after tax was INR 919.769 million as compared to INR 535.573 million for the same period last year. Net profit for the period was INR 919.769 million as compared to INR 227.114 million for the same period last year. Basic and diluted earnings per share from continuing operations was INR 7.70 as compared to INR 4.48 for the same period last year.
For the nine months, the company reported total income of INR 36,167.170 million as compared to INR 31,488.270 million for the same period last year. Profit from continuing operations before exceptional items and taxes was INR 3,443.803 million as compared to INR 2,082.520 million for the same period last year. Profit from continuing operations before tax was INR 2,321.810 million as compared to INR 1,420.189 million for the same period last year. Net profit from continuing operations after tax was INR 2,321.810 million as compared to INR 1,420.189 million for the same period last year. Net profit for the period was INR 2,321.810 million as compared to INR 1,009.563 million for the same period last year. Basic and diluted earnings per share from continuing operations was INR 19.43 as compared to INR 11.89 for the same period last year.
Escorts Kubota Limited is an India-based engineering company. The Company is primarily engaged in the business of manufacturing of agricultural tractors, engines for agricultural tractors, construction, earth moving and material handling equipment, round and flat tubes, heating elements, double acting hydraulic shock absorbers for railway coaches, center buffer couplers, automobile shock absorbers, telescopic front fork & McPherson struts, brake block, internal combustion engines and all types of brake used by railways. It also trades in oils & lubricants, implements, trailers, tractors, compressor accessories and spares, construction, earth moving and material handling equipment. The Companyâs segments include Agri machinery, Construction equipment, Railway equipment and Others. It manufactures Agri-equipment, like tractors, combines, planters, sprayers, and tillage solutions. The Construction equipment segment offers a range of construction and material handling equipment support.
ESCORTS KUBOTA LIMITED 
