Escorts Q2 net loss declines 66.47 pc to Rs 16.18 crore

Mumbai, April 27 (UNI) Escorts Ltd has posted 66.47 per cent decline in loss after tax of Rs 16.18 crore for the quarter ended March 31, 2006, as compared to loss after tax of Rs 48.26 crore for the corresponding quarter previous year.

The company said its total income has increased by 90.30 per cent to Rs 441.58 crore for Q2 FY 05-06 from Rs 232.04 crore in Q2 FY 04-05.

The Escorts Group, with Escorts Limited as its flagship company, is among Indias leading corporations operating in the diverse fields of agri machinery, telecommunications, heathcare, construction and material handling equipment, auotmotive and railway ancillaries, information technology and financial services.

The Group has 15 modern manufacturing facilities and an extensive marketing network spread across the country.

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