Expect a 20% volume growth in Q2; construction equipment seg picking up: Escorts

Escorts saw strong auto sales in August that came in tad above street estimates as re-stocking post GST aided sales growth. The total sales were up 23.2 percent at 4.587 units with domestic sales up 19.9 percent at 43,698 units and exports up 243.6 percent at 189 units.

Bharat Madan, Group CFO, Escorts is also upbeat of seeing around 20 percent volume growth for the current quarter on back of festive season stocking. The industry is also expected to do well and grow upwards of 20 percent this quarter, he added.

On back of volume growth, the company also expects expansion in margins this quarter, said Madan in an interview to CNBC-TV18 from the sideline so of Motilal Oswal Conference 2017.

Volumes for the construction equipment segment is also seeing growth in volumes and may clock anywhere between 12-15 percent growth, he said adding that H2 will see even  better numbers.