Tractor sales of Escorts were up 11.6% at 18,930 units during the third quarter as against 16,963 units in the year-ago period. Photo: Ramesh Pathania/MintNew Delhi: Farm equipment and engineering major Escorts on Wednesday reported over four-fold increase in net profit at Rs92 crore for the third quarter ended 31 December. The company had reported a net profit of Rs22.7 crore in the same period of previous fiscal. Total income rose to Rs1,213.23 crore as compared to Rs1,100.79 crore in the same period of previous fiscal, Escorts said in a statement. Besides, sale of construction equipment rose 33.4% to 1,087 units as against 815 units in the third quarter of the previous fiscal.

Source: Mint January 31, 2018 12:22 UTC