HomeNewsBusinessMoneycontrol ResearchEscorts: Disappointing results but positive outlook

Escorts: Disappointing results but positive outlook

Weak product mix and higher raw material costs dent performance

Nitin Agrawal

August 03, 2022 / 09:54 IST

Escorts: Disappointing results but positive outlook

Escorts Kubota: Escorts Kubota Q1 profit falls 21% YoY to Rs 140.6 crore. Revenue grows 19% to Rs 2,032 crore. The tractor maker recorded 21.2% YoY decline in consolidated profit at Rs 140.6 crore for the quarter ended June 2022, dented by higher input cost. Revenue grew by 19% to Rs 2,032 crore during the same period.

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Disclosure & Disclaimer

This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More