Escorts Ltd has reported an increase in net profit by 33.5% at Rs 47 crore in the quarter ending June 2016 against Rs 35.2 crore in quarter ended June 2015. Escorts turnover increased correspondingly by 9.3% to Rs 1051.4 crore in quarter ending June 2016 against Rs 961.4 crore in quarter ended June 2015.

EBIDTA for the first quarter of this fiscal year is correspondingly up by 52.4% at Rs 87.8 crore against Rs 57.6 crore in quarter ending June 2015. Material cost is down by 245 bps at 67.9% against 70.3% in corresponding quarter ending June 2015.

Consequently, there is a significant improvement in segment margins with Escorts Agri Machinery showing a corresponding positive increase of 203 bps at 11.3% in quarter ending June 2016 as compared 9.2% in quarter ending June 2015.

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