Escorts today reported a profit of Rs 64.87 crore for the half year ended March 31, 2010, a 76 per cent increase over Rs 7.48 crore registered for the corresponding period of last fiscal.
The profit before tax stood at Rs 87.14 crore for the half year, as against a profit of Rs 16.46 crore in the corresponding period. Total half yearly sales and income from operations rose to Rs 1,272 crore from Rs 977 crore in the previous year.
For the quarter ended March 31, 2010, Escorts registered a higher profit of Rs 41.47 crore, an increase of 430 per cent against 7.82 crore in the previous year. Total sales and income from operations for the quarter rose 39.5 per cent to Rs 672 crore against 482 crore in the previous year.
The company closed the quarter with profit before tax standing at Rs 51.69 crore against Rs 15.76 crore recorded in the corresponding period of last fiscal.