Segment Wise Performance

Escorts Agri Machinery: Tractor sales were up by 31.5% at 20,358 units during the second quarter of the current fiscal. This was accompanied by significant improvement in EBIT margins which was up 438 bps at 13.7% as compared to 9.4% in the corresponding period.

Escorts Construction Equipment: Sales of construction equipment went up by 34.3% at 972 units as against 724 units in the corresponding quarter. EBIT margin turn positive at 0.5% as against negative 4.6% in last year same quarter.

Railway Products Division: Revenue for the second quarter up by 22.1% at Rs. 73.3 crore as against Rs. 60.1 crore in the corresponding quarter. EBIT margin up by 340 bps at 16.2% as that of 12.8% in last year same quarter. Order book at end of September'17 is around Rs. 175 crore and will be executed in the next 7-8 months.

The reviewed accounts of the second quarter and First six months ended 30th September 2017 has been approved by the Board of Directors of Escorts Limited.

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