Net Sales are expected to decrease by 4.6 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 1,334.1 crore, according to Reliance Securities.
Net Sales are expected to decrease by 7.7 percent Y-o-Y (down 14.5 percent Q-o-Q) to Rs. 1,394.6 crore, according to Kotak.
Credit Suisse also maintained outperform rating on the stock, but slashed price target to Rs 920 from Rs 1,060 after cutting FY20/FY21 earnings estimates by 15% on lower tractor volumes.
Emkay Global Financial Services expects Escort's standalone revenues to grow 16% YoY to Rs 1,660 crore driven by steady growth in tractors and construction equipment volumes
Net Sales are expected to increase by 15.1 percent Y-o-Y (down 0.2% percent Q-o-Q) to Rs. 1,652.5 crore, according to Sharekhan.
Net Sales are expected to increase by 33.4 percent Y-o-Y (up 15 percent Q-o-Q) to Rs. 1,607.6 crore, according to Chola Securities.
Net Sales are expected to increase by 32.8 percent Y-o-Y (up 14.4 percent Q-o-Q) to Rs. 1,600 crore, according to Motilal Oswal.
Net Sales are expected to increase by 5.3 percent Y-o-Y (down 15.6 percent Q-o-Q) to Rs. 1,275.5 crore, according to Motilal Oswal.
Net Sales are expected to increase by 22.5 percent Y-o-Y (down 2.6 percent Q-o-Q) to Rs. 1,399.3 crore, according to Kotak.
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.
October sales for Escorts were above estimates while Q2 earnings met street estimates. In an interview to CNBC-TV18, Bharat Madan, CFO of Escorts shared his views and readings on the same.
Expectations were running low on account of pre-GST implementation adjustments in the quarter, and overall, the Nifty earnings have not resulted in any incremental negative surprise.
Escorts saw a healthy set of Q1 earnings as revenue growth at 11 percent was a strong beat while margins were a tad above estimates. In an interview to CNBC-TV18, Bharat Madan, CFO of Escorts spoke about the results and his outlook for the company.
Government impetus on construction equipment, railways and agriculture in the Budget will keep Escorts' growth trajectory going for the next 2-3 years, says CFO Bharat Madan.
The tractor sales of Escorts peaked in FY14, when it sold around 69,000 tractors. Madan feels this year the company may report similar numbers. It has sold close to 16,300 tractors in the first quarter.
Sales are expected to increase by 34.9 percent Q-o-Q (up 11 percent Y-o-Y) to Rs 1085.3 crore, according to Motilal Oswal
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.
In an interview with CNBC-TV18, Bharat Madan, Group Financial Controller at Escorts said the third quarter will be bumper with festival season on and adequate rainfall.
Escorts posted a 21.5 percent decline in its third quarter net profit to Rs 35.7 crore impacted by lower revenue and operating income in tractor business.
Prakash Diwan is bullish on Escorts despite lower-than-expected Q2 earnings due to possibility of increase in sales from its constriction equipment segment which is a huge area of margin growth for the company.
According to Madan, rise in prices and cost control have helped in increasing margins. The company is hopeful of maintaining volume growth of current levels of 14%.
According to poll estimates, though the company‘s fundamentals are very strong, like the core tractor business, but others like auto ancillaries and railway are still reeling under pressure.