Escorts Kubota Ltd Share Price – NSE /  BSE

Automobile, Small Cap

While domestic sales also increased to 5,205 units in August 2024 as compared with 5,198 units sold in August 2023.

The company’s export rose 3.54% to 409 units in August 2024 as against 395 units posted in August 2023.

“With the southwest monsoon progressing steadily, the replenishing water levels bode well for the upcoming rabi season. With continued government support for the sector, we anticipate demand to accelerate in the coming festive months,” the firm stated in regulatory filing.

Further, the company’s construction equipment business division sold 355 machines in August 2024, registering de-growth of 31.73% from 520 machines sold in August 2023.

“Increased government investments are expected to drive growth in the construction equipment sector after the monsoon season,” the tractor maker added.

Escorts Kubota is primarily engaged in the business of manufacturing of agricultural tractors, engines for agricultural tractors, construction, earth moving and material handling equipment, round and flat tubes, heating elements, double acting hydraulics.

The tractor maker's standalone net profit grew 2.4% to Rs 289.55 crore in Q1 FY25 as against Rs 282.81 crore posted in Q1 FY24. Revenue from operations declined 1.5% year on year to Rs 2,292.54 crore in the quarter ended 30 June 2024.

The scrip slipped 1.57% to currently trade at Rs 3,795.35 on the BSE.

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Escorts Kubota announced that the National Company Law Tribunal, Chandigarh Bench has sanctioned the Scheme of Amalgamation among and between Escorts Kubota India, Kubota Agriculture Machinery India and the Company.

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The company expects an annual production revenue generation of over Rs 10,000 crore with the direct and indirect employment of more than 14,000 people at full capacity.

The company proposed to acquire approximately 250-300 acres of land. The tractor manufacturer intends to utilized a part of this land for setting up additional tractor and engine manufacturing capacity and balance for meeting its future growth requirements. The project details are under finalization and will be intimated in due course, it added.

The estimated direct and indirect investment including land to the order of approximately is Rs 4,500 crore. The company will begin the implementation of the project in year 2028.

The company will use the proceeds of the earlier preferential issue of shares to Kubota Corporation, Japan lying with the Company and internal accruals. The said investment will enhance the manufacturing capacity to meet growth plans of the company for domestic and global markets.

Escorts Kubota is primarily engaged in the business of manufacturing of agricultural tractors, engines for agricultural tractors, construction, earth moving and material handling equipment, round and flat tubes, heating elements, double acting hydraulics.

The tractor maker's standalone net profit grew 2.4% to Rs 289.55 crore in Q1 FY25 as against Rs 282.81 crore posted in Q1 FY24. Revenue from operations declined 1.5% year on year to Rs 2,292.54 crore in the quarter ended 30 June 2024.

Shares of Escorts Kubota rose 0.06% to currently trade at Rs 3,740 on the BSE.

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Net profit of Escorts Kubota rose 1.10% to Rs 293.10 crore in the quarter ended June 2024 as against Rs 289.90 crore during the previous quarter ended June 2023. Sales declined 1.92% to Rs 2309.95 crore in the quarter ended June 2024 as against Rs 2355.17 crore during the previous quarter ended June 2023.

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