You may need to have shell extensions enabled for the syntax with equ (it's enabled by default in recent versions of Windows).

In general, see https://winscp.net/eng/docs/guide_automation#results

How can I capture the errorlevel or exit code? I'm trying to get the errorlevel for tracing and monitoring as well as documentation for my ftp processes.

I tried with as below in my script but it doesn't echo the error code although there is an error occured