Tractor maker Escorts Ltd expects to post a 10-12 percent rise in tractor sales for the year-ending September 2008, a senior official said on Tuesday.
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Courtesy: economictimes.indiatimes.com
Tractor manufacturer Escorts Ltd said on Tuesday that it would hike the prices of its products within this month, even as it looks for a 10-12 per cent growth for the fiscal 2007-08 (ending on September).
“The steel prices have been growing up and since late December we have already seen three price hikes and another […]
Higher sales has led tractors and farm equipment company Escorts record a net profit of Rs 9.3 crore for the quarter ended June 30, 2008, against a loss of Rs 6.2 crore in the corresponding quarter the previous fiscal.
The company�s net sales reported a marginal increase of 5.02 per cent to Rs 542.8 crore, up […]
Despite declining tractor sales, Escorts Ltd posted a 43.28 per cent jump in its net profit to Rs 9.6 crore for the second quarter ended March 31, 2008 as against Rs 6.7 crore in the same quarter last year. Escorts recorded a 7.3 per cent decline in its net sales to Rs 531.4 crore for […]
Tractor manufacturer Escorts (Q, N,C,F)* denied having talks with DLF for sale of its land near Delhi.
A leading newspaper had reported that the company is in talks with DLF to sell its surplus land assets at Faridabad in Haryana.
“A land transaction where the name of our company and a developer has been covered in certain […]
Escorts` director and COO Nikhil Nanda has been elevated to the position of joint managing director of the company.
In his new role, he will lead the operations of the company and will drive the business growth initiatives of Escorts, the company informed in a release. More
Courtesy:www.indiacar.net
Escorts swung to a loss for the quarter ended June, 2007, on the back of steep drop of 469 basis points in operating margin.
During the quarter, the company reported a loss of Rs 62.4 million as compared with a profit of Rs 15.70 million in the corresponding quarter of the previous year. More
Courtesy:www.indiacar.net
New Delhi Escorts Ltd is looking at raising $70 million in the next two-three months. The equity raised would be used to fund the Escorts Ltd’s future expansion plans and retire its remaining debts.
“Fifty per cent of the equity raised would be through future convertible bonds and the other 50 per cent […]
Oriental Bank of Commerce (OBC), a public sector bank, has entered into a tie-up with Escorts Ltd, a tractor manufacturer, for providing retail tractor finance to farmers. The bank will also offer credit facilities to authorised dealers of Escorts under a Channel Financing Arrangement.
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Courtesy:www.indiacar.net