Engineering firm The Escorts Group will report its fourth-quarter earnings on Tuesday and analysts expect the tractor maker to report a double-digit profit growth.
- The EBITDA is expected to go up by 11.5 percent. The margins will be slightly subdued this time around. So 11.8 percent margin is seen versus 12.1 percent the same time last year.
- The profit growth of 16 percent is what the analysts are forecasting.
- Expect single-digit growth in the tractor industry in FY20.