Segment Wise Performance

Escorts Agri Machinery: Tractor sales were up by 3.3% at 21,039 units during the second quarter of the current fiscal. EBIT margins for quarter ended September 2018 up at 14.7% as compared to 13.7% in the corresponding period last fiscal.

For first half of current fiscal tractor volumes up by 20.2% at 45,533 units as compared to corresponding period last fiscal. EBIT margin for first half of fiscal up at 14.4% as compared to 12.3% in the corresponding period last fiscal.

Escorts Construction Equipment: Sales of construction equipment went up by 36.9% at 1,331 units in quarter ended September 2018 as against 972 units in the corresponding quarter. EBIT margin up at 0.7% as compared to 0.5% in the corresponding period last fiscal.

For first half of current fiscal Construction equipment's volumes up by 44% at 2,676 units as compared to corresponding period last fiscal. EBIT margin for first half of fiscal up at 1.6% as compared to negative 0.8% in corresponding period last fiscal.

Railway Products Division: Revenue for the second quarter up by 44.5% at ₹ 105.9. crore as against ₹ 73.3 crore in the corresponding quarter. EBIT margin up at 20% as compared to 16.2% in the corresponding period last fiscal.

For first half of current fiscal revenue up by 40% at ₹ 194 crore as compared to corresponding period last fiscal. EBIT margin for first half of fiscal up at 22.4% as compared to 13.4% in corresponding period last fiscal.

Order book at end of September'18 is more than ₹ 400 crore and will be executed in the next 12~13 months.

The reviewed accounts of the second quarter and First six months ended 30th September 2018 has been approved by the Board of Directors of Escorts Limited.

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