Shares of Escorts Kubota snapped a four-day winning streak, dropping over 3 percent on February 1, after the company released its business update. The company's Escorts Kubota Agri Machinery Division reported tractor sales of 6,669 units in January 2025, down from 7,150 units in January 2024.
At 10.25 AM, shares of the company were down 3 percent at Rs 3,500. In the month ended January the stock had gained 9 percent.
Domestic tractor sales saw a dip, falling to 6,058 units from 6,782 units in the same month last year. "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," the company said.
On a brighter note, export sales soared by 66 percent to 611 tractors in January 2025, compared to 368 in the previous year.
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For the April-January period of FY25, domestic sales dropped slightly by 0.4 percent, reaching 91,820 units compared to 92,153 in FY24. Exports, however, plummeted by nearly 19 percent, falling to 3,770 units from 4,646. Overall sales dipped by 1.2 percent, settling at 95,590 units, down from 96,799.
In Q2 FY25, the company's revenue remained largely unchanged at Rs 2,488.5 crore, compared to Rs 2,478 crore in Q2 FY24. Net profit surged by 54 percent year-on-year to Rs 324 crore. Tractor sales fell marginally by 0.9 percent to 25,995 units, while construction equipment sales dropped 18.4 percent to 1,394 units. The railway equipment segment saw a 9.9 percent decline in revenue, totaling Rs 211.2 crore.
Escorts Kubota is one of India's premier engineering conglomerates, specialising in agri-machinery, construction and material handling equipment, and railway equipment.
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