Bharat Madan

Madan also noted that the construction segment is displaying remarkable growth and will likely register 40-50 percent growth backed by the government's infrastructure spend.

See double-digit growth in tractor industry in FY18; uptick in market share: Escorts

In an interview to CNBC-TV18, Bharat Madan, CFO of Escorts said that they expect the growth to be better next year.

Double-digit volume growth can continue if monsoons supportive: Escorts

The Indian tractor industry could clock strong double-digit volume growth this year provided monsoons pan out as well as expected, said Bharat Madan, CFO of Escorts in an interview to CNBC-TV18.

Expect 8-10% growth in tractors segment in FY18: Escorts

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.

Retail numbers all-time high, expect trend to continue: Escorts

Speaking to CNBC-TV18, Bharat Madan, Group Financial Controller of Escorts said that retail numbers at all-time high of over 13,000 units.

Sentiment improving; see 15-16% industry growth in FY17: Escorts

While the strong sales number posted by Escorts in September was largely due to pre-festival exuberance, industry growth has also been fairly good for the last 5-6 months, says Bharat Madan, Group Financial Controller at Escorts.

Expect record tractor sales in FY18 if monsoon good: Escorts

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.

Escorts sees margins rising to 7.6% by FY18

Bharat Madan, Group Financial Controller, Escorts is confident of the company clocking a run rate of 5000 units per month for this fiscal year.

ICRA ratings upgrade will help reduce interest burden: Escorts

Following the rating upgrade on short term credit as well, the company plans to launch a commercial paper shortly, says Bharat Madan, Group Financial Controller of Escorts

To do around 11,000 tractor units in FY16: Escorts

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.

Hopeful of seeing volume growth in Jan and Feb: Escorts

Bharat Madan, Group Financial Controller of Escorts, in an interview with CNBC-TV18 said that there will be an improvement in volumes for the month of January and February 2016.

See 7-8% volume growth in Q4 as low base to help: Escorts

In an interview to CNBC-TV18, Madan says the 12 percent volume growth during November was on expected lines, and that the long term visibility of the equipment business appeared weak

Eyeing improved H2; sales over 26k units: Escorts

Bharat Madan, Group Financial Controller, Escorts believes that better Rabi crop this year will help improve the September sentiment and November demand will be better than last years'.

Flat tractor sales ahead, construction to pick up: Escorts

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.

Will keep vol growth at 14%; no price hikes seen: Escorts

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%.