In an interview to CNBC-TV18 Harendra Kumar of Elara Capital shared his reading and outlook on the market.
Agri-machinery segment player Escorts‘ Q4 net profit stood at Rs 18.9 crore against Rs 8.2 crore reported a year earlier. It reported net sales of Rs 819 crore in Q4 compared to Rs 763 crore (YoY).
Delhi-based Escorts Group said it has no plans to list its three big business verticals (agri-machinery, construction and material handling equipment, railway equipment and auto components) as separate entities anytime soon.