Escorts Limited today reported a profit of Rs 160.4 crore in year ended March’17 up by 91.6 percent against a profit of Rs 83.2 crore in the previous fiscal.

In year ended March’17, tractor sales were up by 24 percent at 63,786 tractors against 51,455 tractors in the previous fiscal. Construction equipment volume rose by 29.6 percent at 3,315 units against 2,555 units in the previous fiscal.

Turnover was up by 21.2 percent to Rs 4,167.6 crore against Rs 3,438.7 crore in the previous fiscal. Material cost was down by 90 bps at 67.0 percent against 67.9 percent in the previous fiscal.

EBIDTA from continuing operations was up by 83.2 percent at Rs 323.7 crore against Rs 176.7 crore in the previous fiscal, EBIDTA margin at 7.8 percent up by 263 bps as against previous fiscal.

Net profit from continuing operations more than doubled at Rs 201.1 crore against Rs 100.7 crore in the previous fiscal. EPS reported at Rs 13.43 against Rs 6.97 in the previous year.