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Escorts: Disappointing results but positive outlook

Nitin Agrawal   •

Weak product mix and higher raw material costs dent performance

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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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