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In the corresponding quarter of the previous fiscal, Escorts Kubota posted a net profit of ₹298 crore, the company said in a regulatory filing. The company’s revenue from operations was up 8.5% to ₹2,935.4 crore as against ₹2,706.4 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA grows 3% to ₹335.4 crore in the third quarter of this fiscal over ₹326 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 11.4% in the reporting quarter as compared to 12% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
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In the Agri Machinery segment, tractor volumes increased 4.5% year-on-year to 32,556 units and 25.2% sequentially, driving segment revenue up 9.4% year-on-year to ₹2,416.6 crore and 28.3% sequentially. However, EBIT margin declined to 10.4% from 12.1% a year ago but improved from 9.1% in the previous quarter.
The Construction Equipment segment saw a marginal 0.9% year-on-year decline in sales volume to 1,989 units but grew 42.7% sequentially. Revenue rose 4.1% year-on-year to ₹515.7 crore and 35.7% sequentially, with EBIT margin improving to 11.0% from 8.1% year-on-year and 9.3% quarter-on-quarter.
The Railway Equipment segment posted a 2.2% year-on-year and 5.1% sequential drop in revenue to ₹200.4 crore. However, PAT increased to ₹32.7 crore from ₹28.1 crore year-on-year and ₹24.1 crore quarter-on-quarter.
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The board of directors of the company, at its meeting held today i.e. February 10, 2025, has declared the payment of an interim dividend of ₹ 10 (100%) per fully paid-up equity share of ₹10 each for the financial year 2024-25.
As intimated earlier, the Record Date for the purpose of payment of the aforesaid interim dividend shall be Friday, February 14, 2025, and the interim dividend shall be paid within 30 days.
The results came after the close of the market hours. Shares of Escorts Kubota Ltd ended at ₹3,297.35, up by ₹22.55 or 0.69% on the BSE.
