Aug 03, 2022 09:53 AM IST

Escorts: Disappointing results but positive outlook

Weak product mix and higher raw material costs dent performance

Decent results by Escorts; outlook improves on normal monsoon forecast

he company’s strong position in the domestic market and new products make us confident about its business. Further, its valuation -- 20.1 times FY24 projected earnings -- is at a reasonable level.

Escorts Q4 PAT may dip 36.7% YoY to Rs. 168 cr: ICICI Direct

Net Sales are expected to decrease by 20.1 percent Y-o-Y (down 9.8 percent Q-o-Q) to Rs. 1,766 crore, according to ICICI Direct.

For Escorts, numbers on track; demand picking up, but higher input cost a concern

Escorts' strong position in the domestic market and new products make us confident about its business

Escorts Q2 PAT may dip 33.8% YoY to Rs 152.2 cr: Motilal Oswal

Net Sales are expected to decrease by 3 percent Y-o-Y (down 4.9 percent Q-o-Q) to Rs 1,590.4 crore, according to Motilal Oswal.

Escorts Q2 PAT may dip 35.6% YoY to Rs 147 cr: ICICI Direct

Net Sales are expected to decrease by 5.3 percent Y-o-Y (down 7.1 percent Q-o-Q) to Rs 1,552 crore, according to ICICI Direct.

Escorts – Ride this tractor for long term

Escorts continues to be in a sweet spot as it caters to rural areas where sentiment is very positive.

Escorts Q1 PAT seen up 97.8% YoY to Rs 182 cr: Sharekhan

Net Sales are expected to increase by 52 percent Y-o-Y (down 27 percent Q-o-Q) to Rs 1,614 crore, according to Sharekhan.

Escorts Q1 PAT seen up 59.8% YoY to Rs. 145 cr: ICICI Direct

Net Sales are expected to increase by 52.6 percent Y-o-Y (down 26.7 percent Q-o-Q) to Rs. 1,621 crore, according to ICICI Direct.

A strong show by Escorts; accumulate during the soft patch

The management highlighted that the railway segment is expected to do well on the back of a rising order book for rail modernisation

December quarter analyst call: Escorts may increase prices in Q1FY22, expects growth in exports

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 71.5% at Rs 364 crore against Rs 212.2 crore and margin was at 18.1% versus 13%.

Escorts firing on all cylinders; valuations at fair level

Escorts' strong position in the domestic market and new products make us confident about its business while its valuation is at a fair level

Escorts Q3 PAT seen up 70.8% YoY to Rs. 261 cr: ICICI Direct

Net Sales are expected to increase by 29.5 percent Y-o-Y (up 29 percent Q-o-Q) to Rs. 2,115 crore, according to ICICI Direct.

Escorts Q2 performance strong; valuations at fair level

Escorts continues to be in a sweet spot as it caters to rural areas where the buying sentiment is positive

Escorts Q2 PAT seen up 53% YoY to Rs. 160 cr: ICICI Direct

Net Sales are expected to increase by 14 percent Y-o-Y (up 43 percent Q-o-Q) to Rs. 1,514 crore, according to ICICI Direct.

Escorts posts decent Q1, but high valuations temper excitement

Escorts's Q1 FY21 operating profitability improved, thanks to soft raw material prices, a rich product mix and operational efficiency

Why this agri equipment company should find a place in your portfolio

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Escorts Q3 consolidated profit up 11%: here are highlights of analyst call

The agri sector will continue to drive growth whereas Infrastructure sector may take some time to recover (35-40 percent of sales).

Escorts Q2 PAT may dip 15.8% YoY to Rs. 86.5 cr: Reliance Securities

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.

Escorts Q1 PAT may dip 22.9% YoY to Rs. 92.2 cr: Kotak

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.

Escorts: Weak Q4 earnings; near-term outlook is cloudy

Brokerages mixed on Escorts Q4 earnings, Credit Suisse cuts price target

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.

Escorts Q4 preview: Brokerages expect robust profit growth; EBITDA margin may contract

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

April sales: Tough times continue for automobile companies