Segment Wise Performance

Escorts Agri Machinery

Tractor sales at 63,786 tractors up by 24% as against 51,455 tractors in the previous year. EBIT margins up by 212 bps at 10.3% as against 8.2% in the previous fiscal. For fourth quarter ended March'17 tractor volumes at 14,978 up by 26.7% and EBIT margin at 10.1% up by 62 bps as against the previous year same period.

Escorts Construction Equipment

Construction equipment sales at 3,315 units up by 29.8% as against 2,555 units in the previous year. Positive swing of 291 bps in EBIT margins as against previous fiscal. For fourth quarter ended March'17 volumes at 1,037 up by 40.7% and EBIT margin at 2.1% up by 543 bps as against the previous year same period.

Escorts Railway Equipment Division

Railway division sales up by 6.5% at Rs 242.5 crore as against Rs 227.8 crore in the previous year. EBIT margins up by 280 bps at 12.7% as against 9.9% in the previous fiscal. For fourth quarter ended March'17 sales at Rs 66.6 crore up by 17.2% and EBIT margin at 10.8% up by 554 bps as against the previous year same period. The current order book is around Rs 155 crore and will be executed in the next 6-7 months.

The audited accounts of the 12 months ended March 2017 has been approved by the Board of Directors of Escorts Limited.

END