2025-10-15 04:58:29 pm | Source: Motilal Oswal Financial Services Ltd
Neutral ESCORTS Ltd for the Target Rs. 3,683 by Motilal Oswal Financial Services Ltd
* After a subdued 1% growth in 1Q, Escorts bounced back strongly in 2Q and posted 30% YoY growth in tractor volumes, in line with strong pickup in industry demand.
* With strong pickup in volumes, margin to expand 50bp QoQ (+330bp YoY over low base) to 13.6%.
* PAT is likely to grow 22% YoY largely due to strong tractor growth and resultant margin expansion.
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