Download App
Download App
Feedback
ESCORTS
NewsBot-display-image
newsbot
Reputation: 642,817  •  Aug 2, 2023 7:46 AM
Confident Escorts Kubota can sustain 14% margin going forward: Bharat Madan
Confident Escorts Kubota can sustain 14% margin going forward: Bharat Madan
Indian engineering conglomerate Escorts expects sustainable growth in its three core businesses for the rest of the year with its 16-17% margin forecast for the railway sector viewed as sustainable, according to CFO Bharat Madan. While it may not achieve the 20% margin seen in Q1 due to varying product mixes, expansion of demand will push growth next year. Mid-single digit growth is predicted for both the tractor and domestic industries, although subdued demand will continue in overseas markets due to general recessionary conditions.
The Economic Times

https://economictimes.indiatimes.com/markets/expert-view/...
#ESCORTS

2 Votes

Comment
Share
NSE:ESCORTS price when posted: 2,601.65
View Votes