For the quarter ending June 30, 2010, Escorts Limited said that it has seen a 106 per cent in net profit. In terms of money it comes to Rs. 458 million which is higher than Rs.222 million in the corresponding quarter of the last fiscal.

Profit before tax (PBT) of the agri-machinery making company was at Rs.684 million as against a profit of Rs. 414 million in the same quarter of last fiscal. Net sales during the period, increased by 38.5 per cent, to end at Rs. 8.06 billion; as against Rs. 58.2 billion; in the last fiscal.

During the period, sales of tractor saw a rise of 39 per cent to end at 17,917 units as against 12,889 units in the last fiscal. The company has given the credit of this growth to aggressive marketing which was also backed by streamlining of marketing and sales teams.

The good thing is that Escorts saw a higher growth than the industry in the tractor segment. While the industry saw a rate of growth of just 34 per cent, Escorts saw a rise of 43 per cent in terms of sales.

Escorts also came out with its Powertrac 429 (PT429) brand. I