Escorts posts stellar performance across the board

Escorts standalone revenue for the quarter came in at Rs. 1,436.1 crore, registering 37.6 per cent yoy increase. This was due to robust growth across all segment.
 
Agri machinery product division recorded 36 per cent yoy growth in revenue (accounted for 76 per cent of total revenue).
 
Construction equipment segment registered growth of 44 per cent yoy (accounted for 18 per cent of total revenue)
 
Railway equipment division’s revenue rose 14.2 per cent yoy and accounted for around 6 per cent of total revenue. The order book of railway division as on March 2018 was around Rs. 350 crore and will be executed in the next 12-13 months.

EBITDA for the quarter rose by 133.7 per cent yoy to Rs. 173.75 crore with a corresponding margin expansion of 498 bps. EBITDA margin for the quarter stood at 12.1 per cent.

The PAT for the quarter came in at Rs. 112.54 crore, yoy increase of 89.2 per cent.

The board of directors have recommended a dividend of Rs. 2 per equity share of face value Rs. 10 for FY18.