Expect 8-10% growth in tractors segment in FY18: Escorts

Government impetus on construction equipment, railways and agriculture in the Budget will keep Escorts' growth trajectory going for the next 2-3 years, says CFO Bharat Madan. He expects 8-10 percent growth in the tractors segment in FY18.

Madan expects double-digit growth in tractor industry to continue.  Construction business margins, however, might remain under pressure due to inflation, he says.The company reported strong earnings for Q3 FY17 with revenue increasing 22.6 percent at Rs 1,092.90 crore versus Rs 891.30 crore in corresponding quarter last fiscal. Profit was at Rs 53.50 crore from Rs 25.80 crore in year ago period.Watch video for more ...