Revenue from operations rose 2.5% YoY to Rs 2,320.35 crore in the quarter ended 31 December 2023.

Profit before exceptional items and tax stood at Rs 372.25 crore for the third quarter of FY24, up 54.20% YoY.

During the quarter, EBITDA grew 64.31% to Rs 312.7 crore from Rs 190.3 crore reported in Q3 FY23. EBITDA margin improved to 13.5% in Q3 FY24 as compared with 8.4% registered in the same period last year.

In Escorts Agri Machinery segment, tractor volumes stood at 25,999 units, down 7.22% from 28,025 units in the corresponding period last year. The segment revenue de-grew 2.9% to Rs 1,658.3 crore in the quarter ended December 2023 as against Rs 1,708.0 crore in corresponding period last year. EBIT margin was up by 550 bps to 13.8% as against 8.3% in corresponding pe...

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