Escorts Kubota Q1 Results: Net profit up 91% YoY to ₹282 crore
1 year, 4 months ago

Escorts Kubota Q1 Results: Net profit up 91% YoY to ₹282 crore

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Escorts Kubota released their April to June quarter results on Tuesday and reported an all-time high net profit of ₹282.8 crore which was 91% up from the ₹147.5 crore reported during the corresponding quarter in the previous fiscal. Sequentially, the company's profit after tax grew 52.5% from ₹185.5 crore during the quarter ending March 2023 and the revenue from operations jumped 6.6% from ₹2,183 crore during the previous quarter. Significant growth in EBITDA The Earnings before interest, taxes, depreciation, and amortization of Escorts Kubota during Q1 stood at ₹326.9 crore up 62.6% against ₹201.6 crore during the corresponding quarter previous fiscal. Going forward, with further advancement of monsoon across the country, adequate reservoir levels, better liquidity, and consumer credit availability, we expect the demand momentum to improve,” Chairman and Managing Director Nikhil Nanda said.

Crore Quarter Escorts Kubota  results  demand  91  q1  quarter  yoy  crore  net  ebitda  kubota  revenue  reported  previous  momentum  282  profit  escorts

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Live Mint  

Escorts Ltd – one of India’s biggest tractor and construction equipment manufacturing companies, on Monday, reported substantial rise in net profit and highest ever operating margin in a decade, for the September quarter, as sales of tractors grew sharply as result of continued recovery in demand for tractors in the rural areas and successful cost cutting methods adopted by the …

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