Tuesday, April 22, 2008

Escorts good Q2 numbers

Escorts rose 5.3% to Rs 104.40 at 11:30 IST on BSE on reporting 44.3% rise in net profit to Rs 9.68 crore in Q2 March 2008 over Q2 March 2007.

The stock hit a high of Rs 106.90 and a low of Rs 97.55 so far during the day. The stock had a 52-week high of Rs 174 on 3 January 2008 and a 52-week low of Rs 72.70 on 23 August 2007.

The company’s current equity is Rs 84.44 crore. Face value per share is Rs 10.

The current price of Rs 104.40 discounts its Q2 March 2008 annualised EPS of Rs 4.59, by a PE multiple of 22.74.

Escorts reported 7.4% decline in sales to Rs 531.47 crore in Q2 March 2008 over Q2 March 2007

The company is engaged in manufacturing agri-machinery, telecommunications, healthcare, construction and material handling equipment, automotive and railway ancillaries. It also provides information technology and financial services.

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