Escorts in focus, a lots of tailwinds for the company. They reported very strong tractor sales in January. The other positive is the big push for agriculture in the Union Budget and Q3 numbers which stood fairly strong. In an interview to CNBC-TV18, Bharat Madan, CFO of Escorts spoke about the results and his outlook for the company.
Madan said that we have guided for further improvement in margin.
He further said that we expect margin to hold on to 13-14 percent levels for FY19
Talking about industry growth, he said we expect 7-8 percent growth in tractor industry in FY19.
On business front, he said we expect to end in positive in construction business, he added. We have turned around the construction business in last two quarters, he mentioned.
For entire interview, watch accompanying video.
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