Escorts Construction Equipment unveils India’s first Hybrid Pick-n-Carry Crane and Mono Chassis Safe Crane at EXCON 2022
Bengaluru, 17 May, 2022: Escorts Construction Equipment (ECE), business segment the of Escorts Limited, today launched NXT13DC CNG, India’s first Hybrid Pick-n-Carry Crane, with dual Fuel (Diesel & CNG) and RC2522, India’s first Mono Chassis Safe Crane with 25T lift capacity at the EXCON 2022 in Bengaluru.
Escorts Ltd. Standalone Profit at ₹ 765.6 crore
New Delhi, May 13, 2022: Escorts Limited today reported, Standalone profit of ₹ 765.6 crores for the year ended March 31, 2022, as against a profit of ₹ 874.1 crores in the previous year. Standalone Profit for the quarter ended March 2022 at ₹ 202.2 crores as against ₹ 271.3 crores in the corresponding quarter last year.
Escorts Ltd. Q3 Standalone Profit Sequentially up 14% at ₹ 201.5 cr.
New Delhi, February 8, 2022: Escorts Limited today reported standalone quarterly profit of ₹ 201.5 crore in quarter ended December 2021 up by 14% as against a profit of ₹ 176.7 Crore in sequential quarter and down by 28.2% as against a profit of ₹ 280.7 crore in the corresponding quarter.
Escorts Limited & Kubota Corporation reinforce their long-standing partnership. Kubota increases its stake in Escorts Limited
New Delhi, November 18, 2021: Escorts Limited (“Escorts”) and Kubota Corporation (“Kubota”), a global leader (Market Cap of ~US$ 24 Bn) in tractor and machinery, have decided to strengthen their partnership in pursuit of their vision of global leadership in Agri Machinery. As part of this, Kubota Corporation shall increase its equity stake in Escorts by subscribing to new equity shares proposed to be issued by Escorts and shall become a joint promoter along with existing promoter of Escorts.
Escorts Ltd. Q2 Standalone Profit at ₹ 176.7 cr.
New Delhi, October 29, 2021: Escorts Limited today reported net profit of ₹ 176.7 crore in quarter ended September 30, 2021, as against a profit of ₹ 229.9 crore in corresponding quarter of the previous fiscal and as against ₹ 185.2 crore in sequential quarter.
Escorts Limited and IndusInd Bank come together to serve the farming community
New Delhi, September 14th, 2021: Escorts Limited (Agri Machinery) reinforces its relationship with IndusInd Bank with a formal Memorandum of Understanding that will pave the way for both companies to provide one of the best financial offerings to its customers.
Escorts Ltd. facilitates over 37000 COVID-19 free vaccinations in and around Faridabad
New Delhi, 13th August, 2021: Under its Corporate Social Responsibility program, Escorts Ltd., India’s leading engineering conglomerate, conducted over last 42 days free COVID-19 vaccination camps, inoculating over 37,000 residents in and around Faridabad district in Haryana.
Escorts Ltd. Q1 Standalone Profit more than doubled to ₹ 185.2 cr
New Delhi, August 5, 2021: Escorts Limited today reported net profit of ₹ 185.2 crore in quarter ended June 30, 2021, up by 101%, as against a profit of ₹ 92.2 crore in corresponding quarter of the previous fiscal and as against ₹ 271.3 crore in sequential quarter.
Escorts Ltd. announces Covid relief measures for its Dealerships
New Delhi, May 31st, 2021: In a program titled ‘Covid-Shield’, India’s leading engineering conglomerate, Escorts Limited announced several Covid-relief measures for its Dealerships, including a no-questions-asked financial aid of Rs. 20,000/- for its select dealership employees, upon testing positive for Covid-19.
Escorts Ltd. announces Covid-relief measures for its Customers
New Delhi, May 26, 2021: In order to support the farming community amidst the second wave of Covid-19, Escorts Limited, India’s leading engineering conglomerate, announced Covid-19 relief measures for its customers across India which include Covid support to cover expenses in case of hospitalisation and home treatment expenses.
Escorts Ltd. Standalone Profit up by 80.0% to ₹ 874.1 cr.
New Delhi, May 14, 2021: Escorts Limited today reported, Standalone profit of ₹ 874.1 crores for the year ended March 31, 2021, up by 80.0%, as against a profit of ₹ 485.5 crores in the previous year. Standalone Profit for the quarter ended March 2021 was up by 93.2 percent at ₹ 271.3 crores as against ₹ 140.4 crores in the corresponding quarter last year.
Escorts Ltd. Q3 Standalone Profit up by 83.4% to ₹ 280.7 cr.
New Delhi, February 2, 2021: Escorts Limited today reported highest ever standalone quarterly profit of ₹ 280.7 crore in quarter ended December 2020, up by 83.4% as against a profit of ₹ 153.1 crore in the corresponding period last year. Revenue from operations at ₹ 2,017.4 crore in quarter ended December 2020 went up by 23.5% as against ₹ 1,633.4 crore in the corresponding period last year.
First company to get Budni Certification in India for Electric Tractor
Faridabad, January 19th, 2021: Escorts Ltd, India’s leading engineering conglomerate, Agri machinery Division (EAM) on January 18, 2021 got certification from Central Farm Machinery Training and Testing Institute, Budni for its Electric Tractor with the description “ESCORTS LIMITED, Farmtrac (26E) AGRICULTURE TRACTOR manufactured by M/s. Escorts Limited” that the same complies with the provision of Central Motor Vehicles rules, 1989.
Escorts Ltd. Q2 Standalone Profit more than doubled to ₹ 229.9 cr.
New Delhi, November 2, 2020: Escorts Limited today reported highest ever standalone quarterly profit of ₹ 229.9 crore in quarter ended September 30, 2020, that more than doubled against a profit of ₹ 104.6 crore in the corresponding period last year.
Escorts’ RNIL to Incubate 5 Tech Start-ups
New Delhi, 15th October 2020: Rajan Nanda Innovation Lab, an initiative of Escorts Ltd., has selected five start-ups in agri-tech, rail-tech and infra-tech through its Inter-College Innovation Challenge IC2 to fund, incubate & mentor.
