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Escorts tumbles despite reporting 8% rise in Q4 net profit

Escorts is currently trading at Rs. 633.15, down by 15.80 points or 2.43% from its previous closing of Rs. 648.95 on the BSE.

The scrip opened at Rs. 644.40 and has touched a high and low of Rs. 648.00 and Rs. 628.45 respectively. So far 57703 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 990.00 on 08-May-2018 and a 52 week low of Rs. 542.60 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 715.20 and Rs. 641.85 respectively. The current market cap of the company is Rs. 7787.31 crore.

The promoters holding in the company stood at 40.08%, while Institutions and Non-Institutions held 27.91% and 32.01% respectively.

Escorts has reported a rise of 7.83% in its net profit at Rs 121.35 crore for the quarter ended March 31, 2019 as compared to Rs 112.54 crore for the same quarter in the previous year. Total income of the company increased by 13.05% at Rs 1,649.00 crore for Q4FY19 as compared Rs 1,458.66 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 40.67% in its net profit at Rs 484.91 crore as compared to Rs 344.72 crore for the previous year. Total income of the company increased by 23.68% at Rs 6,277.21 crore for year under review as compared to Rs 5,075.38 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 37.89% in its net profit at Rs 477.90 crore as compared to Rs 346.59 crore for the previous year. Total income of the company increased by 23.49% at Rs 6,354.42 crore for year under review as compared to Rs 5,145.51 crore for year ended March 31, 2018.

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