News Details

Results - Analysis

Escorts Kubota

05-Aug-25    10:13

On consolidated basis

Quarter ended June 2025 compared with Quarter ended June 2024.

Net sales (including other operating income) of Escorts Kubota has declined 2.86% to Rs 2500.05 crore.''Sales of Agri Machinery Products segment has gone up 29.79% to Rs 2,197.89 crore (accounting for 87.94% of total sales).''

Profit before interest, tax and other unallocable items (PBIT) has slumped 5.86% to Rs 291.78 crore.''PBIT of Agri Machinery Products segment rose 23.83% to Rs 274.31 crore (accounting for 94.01% of total PBIT).''

PBIT margin of Agri Machinery Products segment fell from 13.08% to 12.48%.''Overall PBIT margin fell from 13.43% to 11.67%.''

Operating profit margin has jumped from 12.24% to 12.86%, leading to 2% rise in operating profit to Rs 321.40 crore.''Raw material cost as a % of total sales (net of stock adjustments) increased from 45.50% to 48.02%. ''Purchase of finished goods cost fell from 24.44% to 21.92%. ''Employee cost increased from 7.07% to 7.33%. ''Other expenses fell from 10.40% to 10.22%. ''

Other income rose 51.62% to Rs 156.11 crore.''PBIDT rose 14.22% to Rs 477.51 crore.''Provision for interest fell 62.71% to Rs 3.99 crore.''

PBDT rose 16.24% to Rs 473.52 crore.''Provision for depreciation rose 0.85% to Rs 59.58 crore.''

PBT before EO'grew 18.94% to Rs 413.94 crore.' EO income was Rs 75.99 crore, compared to nil. Share of profit/loss were nil in both the periods.''Provision for tax was expense of Rs 120.46 crore, compared to Rs 83.66 crore.''Effective tax rate was 24.59% compared to 24.04%.

Profit from discontinued operations net of tax stood at Rs 1027.63 crore compared to Rs 37.32 crore. Net profit after discontinued operations'increased 363.16% to Rs 1397.11 crore.''

Promoters' stake was 68.04% as of 30 June 2025 ,compared to 67.64% as of 30 June 2024 .''

Full year results analysis.

Net sales (including other operating income) of Escorts Kubota has increased 4.49% to Rs 10243.88 crore.''Sales of Agri Machinery Products segment has gone up 6.73% to Rs 8,504.13 crore (accounting for 83.10% of total sales).''Sales of Construction Equipment segment has gone down 4.84% to Rs 1,730.09 crore (accounting for 16.90% of total sales).''

Profit before interest, tax and other unallocable items (PBIT) has jumped 1.80% to Rs 1,072.70 crore.''PBIT of Agri Machinery Products segment rose 1.59% to Rs 900.60 crore (accounting for 83.96% of total PBIT).''PBIT of Construction Equipment segment rose 2.94% to Rs 172.10 crore (accounting for 16.04% of total PBIT).''

PBIT margin of Agri Machinery Products segment fell from 11.13% to 10.59%.''PBIT margin of Construction Equipment segment rose from 9.20% to 9.95%.''Overall PBIT margin fell from 10.77% to 10.48%.''

Operating profit margin has declined from 11.54% to 11.38%, leading to 3.04% rise in operating profit to Rs 1,165.30 crore.''Raw material cost as a % of total sales (net of stock adjustments) decreased from 59.49% to 52.59%. ''Purchase of finished goods cost rose from 12.07% to 17.69%. ''Employee cost increased from 7.00% to 7.70%. ''Other expenses rose from 10.13% to 10.43%. ''

Other income rose 17.75% to Rs 461.31 crore.''PBIDT rose 6.83% to Rs 1626.61 crore.''Provision for interest fell 29.98% to Rs 29.17 crore.''Loan funds declined from Rs 448.46 crore as of 31 March 2024 to Rs 105.18 crore as of 31 March 2025.''Inventories declined from Rs 1,716.16 crore as of 31 March 2024 to Rs 1,398.99 crore as of 31 March 2025.''Sundry debtors were lower at Rs 1,331.84 crore as of 31 March 2025 compared to Rs 1,427.91 crore as of 31 March 2024.''Cash and bank balance declined from Rs 1,205.82 crore as of 31 March 2024 to Rs 1,124.13 crore as of 31 March 2025.''Investments rose to Rs 5,605.21 crore as of 31 March 2025 from Rs 5,019.48 crore as of 31 March 2024 .''

PBDT rose 7.86% to Rs 1597.44 crore.''Provision for depreciation rose 8.74% to Rs 243.65 crore.''Fixed assets declined from Rs 2,229.33 crore as of 31 March 2024 to Rs 2,104.02 crore as of 31 March 2025.''Intangible assets increased from Rs 97.35 crore to Rs 101.70 crore.''

Profit before tax grew 7.71% to Rs 1,353.79 crore.''Share of profit/loss was 117.65% lower at Rs -1.11 crore.''Provision for tax was expense of Rs 226.95 crore, compared to Rs 313.4 crore.''Effective tax rate was 16.80% compared to 24.94%.

Net profit attributable to owners of the company increased 19.19% to Rs 1,124.05 crore.''

Equity capital increased from Rs 110.50 crore as of 31 March 2024 to Rs 111.88 crore as of 31 March 2025.''Per share face Value remained same at Rs 10.00.''

Promoters' stake was 68.04% as of 31 March 2025 ,compared to 67.64% as of 31 March 2024 .''

Cash flow from operating activities increased to Rs 1,003.19 crore for year ended March 2025 from Rs 788.60 crore for year ended March 2024.''Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 255.72 crore, compared to Rs 283.17 crore during the year ended March 2024.''

Other Highlights

In Q1 FY26, tractor volume stood at 30,581 units, up by 0.7% YoY. Construction Volume decreased 23.7% YoY to 1,055 units.

During the quarter, the RED business transfer was completed as per conditions outlined in the Business Transfer Agreement (BTA). The profit after tax from sales of RED business stood at Rs 1,004.4 crore. This has been accounted for in the financial statements as income from discontinued operations.

Escorts Kubota : Consolidated Results

' Quarter ended Year ended Particulars 202506 202406 Var.(%) 202503 202403 Var.(%) Net Sales (including other operating income) 2,500.05 2,573.73 -2.86 10,243.88 9,803.59 4.49 OPM (%) 12.86 12.24 61 bps 11.38 11.54 -16 bps OP 321.40 315.11 2.00 1,165.30 1,130.88 3.04 Other Inc. 156.11 102.96 51.62 461.31 391.78 17.75 PBIDT 477.51 418.07 14.22 1,626.61 1,522.66 6.83 Interest 3.99 10.70 -62.71 29.17 41.66 -29.98 PBDT 473.52 407.37 16.24 1,597.44 1,481.00 7.86 Depreciation 59.58 59.08 0.85 243.65 224.06 8.74 PBT 413.94 348.29 18.85 1353.79 1256.94 7.71 Share of Profit/(Loss) from Associates 0 -0.27 - -1.11 -0.51 -117.65 PBT before EO 413.94 348.02 18.94 1352.68 1256.43 7.66 EO Income 75.99 0 - -1.67 0 - PBT after EO 489.93 348.02 40.78 1351.01 1256.43 7.53 Taxation 120.46 83.66 43.99 226.95 313.4 -27.58 PAT 369.47 264.36 39.76 1124.06 943.03 19.20 Minority Interest (MI) -0.01 0.03 LP 0.01 -0.03 PL Net profit 369.48 264.33 39.78 1124.05 943.06 19.19 P/(L) from discontinued operations net of tax 1027.63 37.32 2,653.56 140.89 133.59 5.46 Net profit after discontinued operations 1397.11 301.65 363.16 1264.94 1076.65 17.49 EPS (Rs)* 27.90 23.63 18.10 100.60 84.29 19.34 * EPS is on current equity of Rs 111.88 crore, Face value of Rs 10, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

Escorts Kubota : Consolidated Segment Results

' Quarter ended Year ended % of (Total) 202506 202406 Var.(%) % of (Total) 202503 202403 Var.(%) Sales Agri Machinery Products 87.94 2,197.89 1,693.38 29.79 83.10 8,504.13 7,968.21 6.73 Construction Equipment 12.06 301.48 0.00 - 16.90 1,730.09 1,818.17 -4.84 Railway Equipments 0.00 0.00 244.66 - Total Reported Sales 100.00 2,499.37 2,307.70 8.31 100.00 10,234.22 9,786.38 4.58 Less: Inter segment revenues ' 0.00 0.00 - ' 0.00 0.90 - Net Sales 100.00 2,499.37 2,307.70 8.31 100.00 10,234.22 9,785.48 4.59 PBIT Agri Machinery Products 94.01 274.31 221.53 23.83 83.96 900.60 886.51 1.59 Construction Equipment 5.99 17.47 0.00 - 16.04 172.10 167.19 2.94 Railway Equipments 0.00 0.00 50.09 - Total PBIT 100.00 291.78 309.93 -5.86 100.00 1,072.70 1,053.70 1.80 Less : Interest 3.99 2.14 86.45 29.17 41.66 -29.98 Add: Other un-allcoable 1,405.19 83.49 1,583.06 496.18 423.11 17.27 PBIT Margin(%) Agri Machinery Products ' 12.48 13.08 -60.15 ' 10.59 11.13 -53.54 Construction Equipment ' 5.79 0.00 579.47 ' 9.95 9.20 75.19 Railway Equipments ' 0.00 20.47 -2,047.33 PBT 100.00 1,692.98 391.28 332.68 100.00 1,539.71 1,435.15 7.29

Powered by Capital Market - Live News