To do around 11,000 tractor units in FY16: Escorts

Bharat Madan, Group Financial Controller of Escorts in an interview to CNBC-TV18 while detailing third quarter numbers said the fourth quarter is not good for the industry as a whole and recovery will be see in first quarter of FY17 because March-June is the peak season for the industry.Engineering and farm equipment major Escorts on Tuesday reported a 42.57 percent dip in its standalone net profit at Rs 20.49 crore for the third quarter ended December 31, 2015.On the tractor sales front, he said last year the company did 11,000 tractor units and this year too the number will be similar because the year has been flat, said Madan.According to him the next year to be a good year for construction equipment business.For the entire interview, watch video