Escorts Kubota Ltd

Escorts Kubota will hold a meeting of the Board of Directors of the Company on 8 May 2025.Powered by Capital Market - Live

While domestic sales also grew 15.18% to 10,775 units in March 2025 compared with 9,355 units sold in March 2024. The company's exports jumped 12.38% to 599 units in March 2025 as against 533 units posted in March 2024. Further, the company's construction equipment business division sold 614 machines in March 2025, registering a decline of 16.35% from 734 machines sold in March 2024. Escorts Kubota is primarily engaged in the business of manufacturing agricultural tractors, engines for agricultural tractors, construction, earthmoving, and material handling equipment; round and flat tubes; heating elements; and double-acting hydraulics. The tractor maker reported a 7.67% increase in standalone net profit from continuing operations to Rs 290.47 crore on an 8.46% increase in revenue from operations to Rs 2,935.43 crore in Q3 FY25 as compared with Q3 FY24. Shares of Escorts Kubota fell 1.02% to Rs 3,212.25 on the BSE.Powered by Capital Market - Live

Escorts Kubota Agri Machinery Business Division in February 2025 sold 8,590 tractors registering a growth of 11.4% as against 7,709 tractors sold in February 2024. Domestic tractor sales in February 2025 were at 7,968 tractors registering a growth of 9.6% as against 7,269 tractors in February 2024. While The demand from our stronger markets was good, Western region saw some pressure due to lower crop prices impacting liquidity. Going forward, with increased Rabi sowing, good water reservoir levels and favourable base effect, we anticipate growth momentum to continue in coming months. Export tractor sales in February 2025 were at 622 tractors registering a growth of 41.4% as against 440 tractors sold in February 2024.Powered by Capital Market - Live

While domestic sales also grew 9.6% to 7,968 units in February 2025 compared with 7,269 units sold in February 2024. The company's exports jumped 41.4% to 456 units in February 2025 as against 440 units posted in February 2024. Further, the company's construction equipment business division sold 561 machines in February 2025, registering a decline of 16.3% from 670 machines sold in February 2024. Escorts Kubota is primarily engaged in the business of manufacturing agricultural tractors, engines for agricultural tractors, construction, earth moving and material handling equipment, round and flat tubes, heating elements, and double acting hydraulics. The tractor maker's reported 7.67% increase in standalone net profit from continuing operations to Rs 290.47 crore on 8.46% increase in revenue from operations to Rs 2,935.43 crore in Q3 FY25 as compared with Q3 FY24. The counter declined 1.84% to end at Rs 2,870.25 on Friday, 28 February 2025.Powered by Capital Market - Live

Profit before tax (PBT) stood at Rs 380.18 crore in the December quarter, up 6.39% from Rs 357.34 crore reported in the same period a year ago. During the quarter, EBITDA grew 3.55% to Rs 335.3 crore as against Rs 323.8 crore recorded in Q3 FY24. EBITDA margin declined 11.4% in Q3 FY25, compared to 12% registered in the corresponding quarter last year. In the Agri Machinery segment, tractor volumes stood at 32,556 units, up 4.5% from 31,155 units in Q3 FY25. The segment revenue grew by 9.4% to Rs 2,416.6 crore in the quarter ended December 2024 as against Rs 2,208.9 crore in the corresponding period last year. EBIT margin came at 10.4% as against 12.1% in Q3 FY24. Construction Equipment sales fell 0.9% to 1,989 units as against 2,008 units in the corresponding period last year. During the quarter, the revenue increased 4.1% YoY to Rs 515.7 crore. EBIT margins were at 11.0% as against 8.1% in Q3 FY24. 'During the quarter, the railway equipment division (RED) business has been disclosed under discontinued operations and previous periods are also reclassified in terms of Ind AS 105 Non-current assets held for sale and discontinued operations,' the company stated in regulatory filing. The company's revenue from the Railways product division stood at Rs 200.4 crore, registering de-growth of 2.2% YoY. The PAT (profit after tax) for the quarter ended December 2024 was Rs 32.7 crore, compared to Rs 28.1 crore in the corresponding quarter of the previous year. Meanwhile, the company's board has declared an interim dividend of Rs 10 per equity share for FY24, subject to shareholder approval. The record date for the purpose of payment of the aforesaid interim dividend will be Friday, 14 February 2025, and the dividend will be paid within 30 days thereafter. Escorts Kubota is primarily engaged in the business of manufacturing agricultural tractors, engines for agricultural tractors, construction, earth moving and material handling equipment, round and flat tubes, heating elements, and double acting hydraulics. Shares of Escorts Kubota declined 3.45% to Rs 3,191.30 on the BSE.Powered by Capital Market - Live

Net profit of Escorts Kubota rose 7.41% to Rs 320.64 crore in the quarter ended December 2024 as against Rs 298.51 crore during the previous quarter ended December 2023. Sales rose 8.08% to Rs 2948.02 crore in the quarter ended December 2024 as against Rs 2727.61 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2948.022727.61 8 OPM %11.2711.93 - PBDT438.61414.64 6 PBT377.08358.02 5 NP320.64298.51 7 Powered by Capital Market - Live

Escorts Kubota has fixed 14 February 2025 as record date for interim dividend of Rs 10 per equity share for FY 2024-25. Powered by Capital Market - Live

Escorts Kubota announced that the Board of Directors of the Company at its meeting held on 10 February 2024, has recommended a Interim dividend of Rs.10 per share (i.e.100%), subject to the approval of the shareholders.Powered by Capital Market - Live

Escorts Kubota Construction Equipment Business Division in January 2025 sold 544 machines as against 554 machines sold in January 2024, recording a decline of 1.8%. Construction Equipment (CE) industry may experience a short-term impact of the price escalation due to BSV changeover, however medium and long term growth momentum is expected to continue led by government spending on infrastructure projects, including Roads, Smart cities, Railways and irrigation projects.Powered by Capital Market - Live

Escorts Kubota Agri Machinery Business Division in January 2025 sold 6,669 tractors as against 7,150 tractors sold in January 2024, recording a decline of 6.7%. Domestic tractor sales in January 2025 were at 6,058 tractors as compared to 6,782 tractors in January 2024, recording a decline of 10.7%. Moving forward, with enhanced rabi sowing and as we approach harvesting season and the festive period, we expect an increase in demand momentum in our key markets. Export tractor sales in January 2025 were at 611 tractors registering a growth of 66% as against 368 tractors sold in January 2024. Powered by Capital Market - Live