Escorts Kubota Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Escorts Kubota reported Q1 FY27 standalone operating revenue of Rs 3,178.9 crore, up 28% year-on-year, with EBITDA margin declining to 11.2% from 13.1% due to commodity cost inflation. Domestic tractor sales grew 22.9% to 35,457 units, outpacing industry growth of 18.6%, while Construction Equipment volumes rose 27.4% to 1,344 machines. Management discussed cost pressures from geopolitical disruption in West Asia, planned price increases, and outlook for tractor and construction equipment demand for the rest of the fiscal year.
Escorts Kubota reported Q4 FY26 operating revenue of Rs 2,950.7 crore, up 21.4% year-on-year, with EBITDA margin at 13.1%, up 103 basis points. For FY26 the company reported its highest-ever revenue, tractor volume and net profit, while construction equipment volumes declined 10.6% for the year before recovering in Q4. Management discussed a flattish tractor industry outlook for FY27, ongoing commodity cost pressures, and continued investment in new products, a greenfield facility and the captive finance business.