New Delhi — According to a report from ETAuto, Escorts reported a 9.7% increase in consolidated net profit at Rs 127.73 crore ($17 million) for the fourth quarter in its fiscal year 2020.
Consolidated net profit for the same quarter last year was Rs 116.42 crore ($15 million), representing an increase of 9.7%.
Total income from operations during the quarter was Rs 1,415.95 crore ($190 million) compared to Rs 1,666.72 crore ($220 million) same quarter last year, a decrease of 15%.
Escorts reported a 10.8% decrease in tractor sales at 86,018 units in its fiscal year 2020. down from 96.412 units in the previous fiscal year.
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