Shares of Escorts Kubota Ltd ended at ₹2,938.55, up by ₹8.60, or 0.29% on the BSE.

Escorts Kubota Ltd, a prominent farm and construction equipment manufacturer, unveiled impressive Q3 results, reporting a substantial 49% YoY surge in net profit to ₹277 crore for the quarter ending December 31, 2023. This remarkable growth, up from ₹186 crore in the corresponding period last year, underscores the company’s resilience and strategic vision.

Operating EBITDA soared by 63% to ₹312 crore, reflecting improved operational efficiency and enhanced margins. Standalone revenue for the nine months ended December 2023 reached ₹6,694.3 crore, marking an 8.6% increase over the previous year, driven by robust demand and effective cost management strategies.

Notably, Escorts Kubota’s consolidated net profit after exceptional items and tax surged by 89.7% to ₹797.2 crore, demonstrating strong financial performance across segments. Tractor volumes witnessed a slight dip, offset by increased construction equipment volume and revenue, signalling diversification and market expansion strategies.

The company’s commitment to excellence and innovation is evident in its EBIT margin improvements, reflecting sound operational practices and market adaptability. With a bullish market response, Escorts Kubota Ltd is poised for sustained growth and market leadership in the farm and construction equipment sector.

Shares of Escorts Kubota Ltd closed positively at ₹2,938.55 on the BSE, affirming investor confidence in the company’s future prospects.