Orderbook steady despite weak quarter: Bharat Madan, Escorts
  • WebDesk BTVI
  • Jul 29 2019

Bharat Madan, Group CFO of Escorts, gives an overview of the company’s Q1 earnings and future guidance. He says Q1 was below expectation riding on the current slowdown in market, which he attributes to tight liquidity situation. He says the company’s orderbook remains steady with railways business margin at around 18%. He says markets will likely start looking up from the second half of FY20.