Escorts Kubota Ltd.
ESCORTSIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
19 transcript(s)/analyst meet(s) served; 5 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 19 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| COVER_LETTER | 20220519 | 2022-03-31 | no | |
| COVER_LETTER | 20220805 | 2022-06-30 | no | |
| COVER_LETTER | 20221110 | 2022-09-30 | no | |
| COVER_LETTER | 20230215 | 2022-12-31 | no | |
| COVER_LETTER | 20230516 | 2023-03-31 | no | |
| TRANSCRIPT | 20230721 | 2023-06-30 | yes | |
| TRANSCRIPT | 20230807 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231109 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240213 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240515 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240806 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241113 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250213 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250514 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250808 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251107 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260213 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260511 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260806 | 2026-06-30 | yes |
ESCORTS
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 2,822.90 |
| 52-week range | 2724.7 – 3962.1 |
| Return 1M | -7.89% |
| Return 3M | -4.3% |
| Return 1Y | -23.68% |
| Return 3Y | -12.74% |
| Return 5Y | 92.63% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 3,208.00 |
| Other income | 208.00 |
| Total income | 3,415.00 |
| Cost of materials consumed | 1,910.00 |
| Purchases of stock-in-trade | 538.00 |
| Changes in inventories | -116.00 |
| Employee benefit expense | 210.00 |
| Finance costs | 5.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.68 | 0.00 |
| institutions foreign | 0.06 | 0.01 |
| institutions domestic | 0.11 | -0.01 |
| mutual funds | 0.09 | -0.00 |
| public | 0.30 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2023-03-31 | 5 |
| TRANSCRIPT | 2026-06-30 | 14 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,891.00 | 2,291.00 | 2,214.00 | 2,355.00 | 2,059.00 | 2,342.00 | 2,094.00 | 2,310.00 | 2,488.00 | 2,948.00 | 2,445.00 | 2,500.00 | 2,792.00 | 3,280.00 | 2,968.00 | 3,208.00 |
| Other income | 78.00 | 92.00 | 76.00 | 94.00 | 95.00 | 104.00 | 106.00 | 106.00 | 116.00 | 110.00 | 132.00 | 156.00 | 134.00 | 154.00 | 122.00 | 208.00 |
| Total income | 1,969.00 | 2,383.00 | 2,290.00 | 2,450.00 | 2,154.00 | 2,445.00 | 2,199.00 | 2,416.00 | 2,605.00 | 3,058.00 | 2,577.00 | 2,656.00 | 2,926.00 | 3,435.00 | 3,090.00 | 3,415.00 |
| Cost of materials consumed | 1,439.00 | 1,424.00 | 1,477.00 | 1,453.00 | 1,477.00 | 1,305.00 | 1,434.00 | 1,333.00 | 1,493.00 | 1,502.00 | 1,293.00 | 1,233.00 | 1,790.00 | 1,600.00 | 1,902.00 | 1,910.00 |
| Purchases of stock-in-trade | 123.00 | 146.00 | 115.00 | 121.00 | 117.00 | 136.00 | 123.00 | 130.00 | 624.00 | 244.00 | 299.00 | 563.00 | 153.00 | 435.00 | 443.00 | 538.00 |
| Changes in inventories | -194.00 | 136.00 | -7.00 | 70.00 | -199.00 | 182.00 | -133.00 | 111.00 | -395.00 | 406.00 | 104.00 | -67.00 | -10.00 | 294.00 | -301.00 | -116.00 |
| Employee benefit expense | 152.00 | 156.00 | 160.00 | 151.00 | 170.00 | 167.00 | 161.00 | 165.00 | 206.00 | 203.00 | 204.00 | 188.00 | 208.00 | 215.00 | 215.00 | 210.00 |
| Finance costs | 3.00 | 3.00 | 4.00 | 3.00 | 3.00 | 3.00 | 4.00 | 2.00 | 10.00 | 4.00 | 5.00 | 4.00 | 5.00 | 6.00 | 6.00 | 5.00 |
| Depreciation and amortisation | 37.00 | 38.00 | 38.00 | 40.00 | 41.00 | 42.00 | 44.00 | 43.00 | 64.00 | 62.00 | 62.00 | 60.00 | 62.00 | 64.00 | 69.00 | 65.00 |
| Other expenses | 222.00 | 237.00 | 236.00 | 228.00 | 233.00 | 238.00 | 248.00 | 247.00 | 296.00 | 259.00 | 257.00 | 262.00 | 291.00 | 302.00 | 329.00 | 311.00 |
| Total expenses | 1,781.00 | 2,141.00 | 2,023.00 | 2,068.00 | 1,843.00 | 2,072.00 | 1,881.00 | 2,030.00 | 2,297.00 | 2,680.00 | 2,224.00 | 2,242.00 | 2,499.00 | 2,916.00 | 2,662.00 | 2,923.00 |
| Profit before exceptional items and tax | 188.00 | 242.00 | 267.00 | 382.00 | 312.00 | 373.00 | 318.00 | 386.00 | 307.00 | 378.00 | 353.00 | 414.00 | 427.00 | 518.00 | 428.00 | 492.00 |
| Exceptional items | -53.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | 76.00 | 0.00 | -52.00 | 0.00 | 0.00 |
| Profit before tax | 135.00 | 242.00 | 267.00 | 382.00 | 312.00 | 373.00 | 318.00 | 386.00 | 307.00 | 378.00 | 351.00 | 490.00 | 427.00 | 466.00 | 428.00 | 492.00 |
| Current tax | 43.00 | 44.00 | 35.00 | 80.00 | 71.00 | 82.00 | 70.00 | 87.00 | 36.00 | 99.00 | 70.00 | 90.00 | 102.00 | 101.00 | 97.00 | 115.00 |
| Deferred tax | -12.00 | 11.00 | 26.00 | 17.00 | 8.00 | 13.00 | 11.00 | 11.00 | -53.00 | -10.00 | 9.00 | 30.00 | 7.00 | 6.00 | 10.00 | -8.00 |
| Tax expense | 31.00 | 55.00 | 61.00 | 96.00 | 80.00 | 95.00 | 81.00 | 98.00 | -17.00 | 89.00 | 79.00 | 120.00 | 109.00 | 108.00 | 107.00 | 106.00 |
| Profit for the period | 99.00 | 181.00 | 216.00 | 290.00 | 223.00 | 284.00 | 252.00 | 293.00 | 324.00 | 321.00 | 318.00 | 1,397.00 | 318.00 | 358.00 | 321.00 | 386.00 |
| Profit attributable to owners | 99.00 | 181.00 | 216.00 | 290.00 | 223.00 | 284.00 | 252.00 | 293.00 | 324.00 | 321.00 | 318.00 | 1,397.00 | 318.00 | 358.00 | 321.00 | 386.00 |
| Profit attributable to non-controlling interests | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 |
| Other comprehensive income | -1.00 | 2.00 | -0.00 | 0.00 | -0.00 | 1.00 | -0.00 | 1.00 | -2.00 | -0.00 | -0.00 | 1.00 | -1.00 | 2.00 | 5.00 | -3.00 |
| Total comprehensive income | 98.00 | 182.00 | 216.00 | 290.00 | 223.00 | 285.00 | 252.00 | 294.00 | 322.00 | 320.00 | 318.00 | 1,398.00 | 317.00 | 361.00 | 325.00 | 383.00 |
| Earnings per share, basic | 9.14 | 16.70 | 19.99 | 26.76 | 20.61 | 26.20 | 23.23 | 27.02 | 29.48 | 29.16 | 28.96 | 127.01 | 28.92 | 32.57 | 29.13 | 35.08 |
| Earnings per share, diluted | 9.12 | 16.68 | 19.96 | 26.73 | 20.57 | 26.15 | 23.20 | 26.99 | 29.46 | 29.14 | 28.94 | 126.96 | 28.91 | 32.56 | 29.12 | 35.07 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,810.00 | 7,014.00 | 7,238.00 | 8,429.00 | 8,850.00 | 10,244.00 | 11,540.00 |
| Other income | 98.00 | 160.00 | 218.00 | 281.00 | 399.00 | 461.00 | 566.00 |
| Total income | 5,908.00 | 7,175.00 | 7,456.00 | 8,710.00 | 9,248.00 | 10,705.00 | 12,107.00 |
| Cost of materials consumed | 3,476.00 | 4,073.00 | 4,535.00 | 5,776.00 | 5,670.00 | 5,288.00 | 6,525.00 |
| Purchases of stock-in-trade | 370.00 | 442.00 | 511.00 | 510.00 | 497.00 | 1,779.00 | 1,595.00 |
| Changes in inventories | -6.00 | 130.00 | -67.00 | -164.00 | -80.00 | 189.00 | -85.00 |
| Employee benefit expense | 521.00 | 547.00 | 542.00 | 607.00 | 649.00 | 774.00 | 825.00 |
| Finance costs | 17.00 | 13.00 | 15.00 | 13.00 | 14.00 | 29.00 | 20.00 |
| Depreciation and amortisation | 107.00 | 118.00 | 132.00 | 150.00 | 167.00 | 244.00 | 255.00 |
| Other expenses | 786.00 | 696.00 | 767.00 | 921.00 | 947.00 | 1,049.00 | 1,183.00 |
| Total expenses | 5,272.00 | 6,019.00 | 6,434.00 | 7,814.00 | 7,864.00 | 9,351.00 | 10,319.00 |
| Profit before exceptional items and tax | 636.00 | 1,156.00 | 1,022.00 | 895.00 | 1,385.00 | 1,354.00 | 1,787.00 |
| Exceptional items | -9.00 | 0.00 | 0.00 | -53.00 | 0.00 | -2.00 | 24.00 |
| Profit before tax | 626.00 | 1,156.00 | 1,022.00 | 842.00 | 1,385.00 | 1,352.00 | 1,811.00 |
| Current tax | 174.00 | 287.00 | 243.00 | 172.00 | 303.00 | 271.00 | 390.00 |
| Deferred tax | -21.00 | -4.00 | 14.00 | 26.00 | 49.00 | -44.00 | 55.00 |
| Tax expense | 154.00 | 283.00 | 257.00 | 198.00 | 352.00 | 227.00 | 444.00 |
| Profit for the period | 472.00 | 872.00 | 736.00 | 637.00 | 1,049.00 | 1,265.00 | 2,394.00 |
| Profit attributable to owners | 472.00 | 871.00 | 736.00 | 637.00 | 1,049.00 | 1,265.00 | 2,394.00 |
| Profit attributable to non-controlling interests | -1.00 | 0.00 | -1.00 | -0.00 | -0.00 | 0.00 | -0.00 |
| Other comprehensive income | -6.00 | -10.00 | 2.00 | 2.00 | 1.00 | -1.00 | 7.00 |
| Total comprehensive income | 465.00 | 862.00 | 738.00 | 639.00 | 1,050.00 | 1,264.00 | 2,401.00 |
| Earnings per share, basic | 55.04 | 92.15 | 74.06 | 58.85 | 96.80 | 115.04 | 217.61 |
| Earnings per share, diluted | 55.04 | 91.98 | 73.73 | 58.76 | 96.64 | 114.98 | 217.55 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 9,639.00 | 10,085.00 | 10,645.00 | 11,267.00 | 12,666.00 | 13,098.00 | 15,064.00 | 15,799.00 |
| Non-current assets | 4,737.00 | 5,182.00 | 5,252.00 | 5,378.00 | 5,361.00 | 5,963.00 | 4,431.00 | 5,708.00 |
| Current assets | 4,885.00 | 4,884.00 | 5,375.00 | 5,872.00 | 7,287.00 | 6,534.00 | 10,616.00 | 10,074.00 |
| Property, plant and equipment | 1,696.00 | 1,732.00 | 1,724.00 | 1,736.00 | 2,038.00 | 1,890.00 | 1,915.00 | 1,952.00 |
| Capital work-in-progress | 65.00 | 69.00 | 58.00 | 116.00 | 132.00 | 123.00 | 141.00 | 161.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 56.00 | 79.00 | 80.00 | 80.00 | 142.00 | 164.00 | 164.00 | 194.00 |
| Inventories | 1,366.00 | 1,218.00 | 1,247.00 | 1,218.00 | 1,968.00 | 1,399.00 | 1,449.00 | 1,472.00 |
| Trade receivables | 1,014.00 | 1,180.00 | 1,153.00 | 1,173.00 | 1,586.00 | 1,332.00 | 1,554.00 | 1,203.00 |
| Cash and cash equivalents | 102.00 | 182.00 | 89.00 | 210.00 | 270.00 | 343.00 | 281.00 | 178.00 |
| Total equity and liabilities | 9,639.00 | 10,085.00 | 10,645.00 | 11,267.00 | 12,666.00 | 13,098.00 | 15,064.00 | 15,799.00 |
| Equity | 7,773.00 | 8,183.00 | 8,627.00 | 9,172.00 | 9,833.00 | 10,363.00 | 11,881.00 | 12,369.00 |
| Equity share capital | 132.00 | 132.00 | 110.00 | 110.00 | 112.00 | 112.00 | 112.00 | 112.00 |
| Other equity | 7,645.00 | 8,055.00 | 8,521.00 | 9,066.00 | 9,725.00 | 10,255.00 | 11,773.00 | 12,261.00 |
| Total liabilities | 1,866.00 | 1,902.00 | 2,018.00 | 2,095.00 | 2,833.00 | 2,736.00 | 3,183.00 | 3,430.00 |
| Non-current liabilities | 139.00 | 186.00 | 207.00 | 222.00 | 234.00 | 248.00 | 294.00 | 335.00 |
| Current liabilities | 1,727.00 | 1,716.00 | 1,811.00 | 1,872.00 | 2,598.00 | 2,381.00 | 2,889.00 | 3,096.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 4.00 | 6.00 | 2.00 | 0.00 | 36.00 |
| Trade payables | 1,292.00 | 1,261.00 | 1,332.00 | 1,208.00 | 1,908.00 | 1,640.00 | 1,992.00 | 2,193.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -216.00 | 224.00 | 524.00 | 1,032.00 | 264.00 | 1,003.00 | 477.00 | 1,381.00 |
| Net cash from investing activities | 296.00 | -62.00 | -539.00 | -928.00 | 336.00 | -194.00 | -319.00 | -1,128.00 |
| Net cash from financing activities | -70.00 | -71.00 | -79.00 | -77.00 | -567.00 | -702.00 | -222.00 | -420.00 |
| Purchase of property, plant and equipment | 90.00 | 190.00 | 51.00 | 176.00 | 106.00 | 223.00 | 137.00 | 279.00 |
| Net increase in cash | 10.00 | 91.00 | -93.00 | 28.00 | 33.00 | 107.00 | -63.00 | -166.00 |
| con:CFO.BEFORE_TAX | -132.00 | 410.00 | 643.00 | 1,266.00 | 427.00 | 1,362.00 | 680.00 | 1,947.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 84.00 | 186.00 | 119.00 | 234.00 | 163.00 | 358.00 | 203.00 | 565.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 247.00 | 115.00 | 0.00 | 234.00 | 1,843.00 | 2,271.00 |
| con:INVESTMENTS_SOLD | 392.00 | 248.00 | 0.00 | 0.00 | 188.00 | 0.00 | 636.00 | 0.00 |
| con:PPE_DISPOSALS | 4.00 | 6.00 | 7.00 | 16.00 | 6.00 | 9.00 | 3.00 | 5.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-05-28 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 67.64 | 67.64 | 67.64 | 67.64 | 67.64 | 67.64 | 68.04 | 68.04 | 68.04 | 68.04 | 0.68 | 0.68 | 0.68 | 0.68 |
| Domestic institutions | 9.49 | 9.85 | 9.35 | 10.54 | 9.76 | 10.37 | 10.21 | 10.20 | 11.34 | 11.43 | 0.12 | 0.12 | 0.12 | 0.11 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 9.54 | 0.10 | 0.10 | 0.10 | 0.09 |
| Insurance companies | 1.18 | 1.65 | 1.98 | 1.84 | 1.76 | 1.63 | 1.67 | 2.00 | 1.96 | 1.83 | 0.02 | 0.02 | 0.02 | 0.01 |
| Foreign institutions | 5.77 | 5.61 | 6.69 | 5.02 | 5.85 | 6.43 | 6.32 | 5.89 | 5.21 | 5.22 | 0.05 | 0.05 | 0.06 | 0.06 |
| Public | 30.40 | 30.40 | 30.44 | 30.46 | 30.49 | 30.63 | 30.26 | 30.27 | 30.28 | 30.29 | 0.30 | 0.30 | 0.30 | 0.30 |
| Non-institutional | 15.13 | 14.94 | 14.41 | 14.91 | 14.89 | 13.82 | 13.73 | 14.18 | 13.72 | 13.64 | 0.13 | 0.13 | 0.13 | 0.13 |
| Shares outstanding | 110498261 | 110498261 | 110498261 | 110498261 | 110498261 | 110498261 | 111877754 | 111877754 | 111877754 | 111877754 | 111877754 | 111877754 | 111877754 | 111877754 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Kubota Corporation | Holding Company | Any other transaction, Purchase of goods or services | 3,847,200,000.00 | 6 |
| Kubota Engine (Thailand) Co. Ltd. | Subsidiary of Promoter Company | Any other transaction, Purchase of goods or services | 1,206,400,000.00 | 2 |
| Sietz Technologies India Pvt Ltd | Promoter Group | Purchase of goods or services, Sale of goods or serv | 614,400,000.00 | 2 |
| SIAM Kubota Corporation Co. Ltd. | Subsidiary of Promoter Company | Any other transaction, Purchase of goods or services | 526,200,000.00 | 4 |
| Adico Escorts Agri Equipments Pvt. Ltd. | Joint Venture | Interest received, Investment, Loan, Purchase of goo | 317,800,000.00 | 5 |
| KUBOTA MACHINERY TRADING CO. LTD | Subsidiary of Promoter Company | Purchase of goods or services, Sale of goods or serv | 261,800,000.00 | 2 |
| Kubota Manufacturing of America Corporation | Subsidiary of Promoter Company | Sale of goods or services | 233,800,000.00 | 1 |
| Harparshad & Co.Pvt Ltd | Promoter Group | Any other transaction | 213,200,000.00 | 2 |
| Kubota Agricultural Machinery (Suzhou) Co. Ltd, China | Subsidiary of Promoter Company | Any other transaction, Purchase of goods or services | 205,000,000.00 | 2 |
| Farmtrac Tractors Europe SP zoo (Pol Mot) | Wholly Owned Subsidiary | Any other transaction, Investment, Purchase of goods | 165,000,000.00 | 4 |
| Escorts Kubota Finance Limited | Wholly Owned Subsidiary | Any other transaction, Investment | 120,500,000.00 | 3 |
| Bharat Madan | Executive Director & Chief Fin | Remuneration | 120,500,000.00 | 1 |
| Sun & Moon Travels (India) Private Limited | One common director i.e. Nitasha N | Any other transaction | 67,600,000.00 | 3 |
| Kubota Holdings Europe B.V. | Subsidiary of Promotor Company | Sale of goods or services | 66,700,000.00 | 1 |
| Nikhil Nanda | Promoter | Remuneration | 40,500,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-06 | Q1FY27 | ESCORTS KUBOTA LIMITED, – ESCORTS KUBOTA LIMITED | Read the call |
| 2026-05-11 | Q4FY26 | KUBOTA LIMITED | Read the call |
| 2026-02-13 | Q3FY26 | AND STOCK BROKERS LIMITED | Read the call |
| 2025-11-07 | Q2FY26 | ESCORTS KUBOTA LIMITED, Escorts Kubota Um ited, oe l<otak | Read the call |
| 2025-08-08 | Q1FY26 | C l(•Jl)')t'l, {I /CIC/ Securities | Read the call |
| 2025-05-14 | Q4FY25 | Escorts Kubota Limited, KUBOTA LIMITED | Read the call |
| 2025-02-13 | Q3FY25 | Escorts Kubota Limited | Read the call |
| 2024-11-13 | Q2FY25 | BUSINESS DIVISION, CHIEF FINANCIAL OFFICER, CONSTRUCTION EQUIPMENT BUSINESS DIVISION, EQUI | Read the call |
| 2024-08-06 | Q1FY25 | Read the call | |
| 2024-05-15 | Q4FY24 | AND STOCKBROKERS LIMITED | Read the call |
| 2024-02-13 | Q3FY24 | ANALYST:, CHIEF, CHIEF FINANCIAL OFFICER, CONSTRUCTION EQUIPMENT BUSINESS DIVISION, EQUIPM | Read the call |
| 2023-11-09 | Q2FY24 | KUBOTA LIMITED | Read the call |
| 2023-08-07 | Q1FY24 | CHIEF FINANCIAL OFFICER -EKL | Read the call |
| 2023-07-21 | Q1FY24 | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q2FY25 | Q2FY26 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | So, we earlier guided that over the next 2, 3 years once this new plant, localization, et cetera, it will go to 12% to 13%. | So this year, we had done INR350 crores to INR400 crores sort of normal capex which will happen. | — | — | Board has consented the investment for the CAPEX for acquiring the land. | So can you share some plans for this new plant? | But we also believe that with such high CAPEX plans for the government this year, there will be fund flow which will start going into the market into … | And lastly, capex and investments expected for FY27, Sir? |
| Capital allocation | So, I think it was in that interest only, we thought it would be good now to think, take care of this business and divest it to Sona. | So they are in the process of completing their acquisition. | We have not really yet Escorts Kubota Limited February 08, 2024 submitted the final plan to both the Kubota board and to our board but obviously the l… | February 10, 2025 Board declared interim dividend at 100%, i.e., INR 10 per equity share. | So, Mumuksh, right now, the major, I think the intent was to finish the acquisition of land this year. | What should be the land acquisition cost, sir, at Rajasthan? | The Board has recommended a final dividend of 180% for the Fiscal Year ‘25 equivalent to Rs.18 per share with the interim dividend already paid. | Now the railways, we have divested of the business, and we have the money sitting in the balance sheet now. |
| Costs | So those cost savings will start coming in. | And on the input cost, sir, anything on the input cost going ahead, sir? | — | — | — | Second, because the cost pressure, which was there earlier on the Construction Equipment space, obviously, now commodity prices have softened. | Sir, over the next two years, there are various efforts you had made earlier indicated in previous calls in terms of synergies, cost savings and how y… | And how should we think directionally -- because I'm assuming a lot of cost pressure from steel hasn't showed up in this quarter, right? |
| Debt and cash | It seems pretty steep even factoring the operating deleverage. | — | — | — | — | What normally happens is post a peak season, finances normally withdraw the temporary limits in terms of trade advances and all that they offer, worki… | — | — |
| Demand | So that also will add to some demand in Q3 as well as Q4. So, at an overall level, I think there will be some correction of slower growth in the first… | I just want to understand how the affordability plays a role, whether that can release into the demand over the longer medium term? | So in the short term we see that there might be a little bit of uncertainty when code of conduct comes in at the time of elections, which is early par… | Order book for the division at the end of December 2024 stand at more than INR 890 crores. | So, if the demand picks up, then it will be very easy for the price increases to stabilize quickly. | Are you seeing any stress due to some weakness in the demand or the monsoon challenges? | And that platform has been developed which is a very modular which will take care of the domestic demand as well as it also can be adapted for various… | So yes, both in coming quarter and a little later part of the year, we have quite a robust pipeline of products getting introduced this year. |
| Guidance | So, we expect, I think, in the next 1 to 1.5 years, you will see, I think the improvement will start getting visible. | Looking ahead in FY '26, we expect the tractor industry to sustain its growth trajectory delivering a low double-digit growth rate for the full fiscal… | By when do we expect completion of this dealer consolidation and any meaningful ramp up in export volume? | For FY '25 full year, we expect the domestic tractor industry to continue its growth trajectory with a growth of around 6% to 7% for the full year. | So, just a little thought on I mean, over medium to long term, Escorts Kubota Limited February 10, 2026 should we expect construction equipment to be … | So firstly, to Neeraj sir, for FY '25, given a positive outlook for the tractor industry. | May 08, 2025 Looking ahead, with favorable macroeconomic conditions such as good rabi harvest, higher crop prices and above normal monsoon prediction … | So as already mentioned in the opening comments, we expect the industry to taper down over the next few months. |
| Margin | And also directionally, how to think about margin? | EBIT margin for Agri Machinery business were up by 368 basis points at 12.8% as against 9.1% in the corresponding quarter. | Thank you Sir for the opportunity and congratulations on good margin performance. | EBITDA at INR 332.8 crores, with margin of 11.3%. | So, the idea is to expand the margin by localizing those products. | We've seen a significant increase in margin in this year, right? | On the consolidated basis the Company's financial performance for the quarter ended March '25 is as follows: • Revenue from continuing operation at Rs… | And my last question is on the margin performance. |
| People | Second question is, given that we are operating close to around 60% utilization, and the fact that with mattress are exposed from the existing plant, … | — | — | — | — | Would it be operating at 60%, 70% utilization or lower? | — | Because last year our capacity utilization has been only 47%. |
| Pricing | We have taken a price increase in the first quarter in anticipation. | Do you see any change in the discount pricing trend for the company? | Actually now we are seeing some tightening started happening actually in construction equipment we saw some inflationary pressure in last quarter so t… | So, there will be a pressure in terms of recovery of that cost, but that's how every time when the price increase happens, it takes a bit of a time fo… | So, which we have taken some price increase in the CE space, but I think the inflation was way more than what we had increased. | Is it product mix or there is capacity on the supply side, which is helping pricing power? | May 08, 2025 different manufacturers, so complete realization of that price increase is yet to happen, and since we are also entering into monsoon per… | Can you also talk a bit about specifically on the Kubota brand scale up that was anticipated in terms of expanding the geo reach, trying to reconfigur… |
| Revenue growth | Gunjan, this is Bharat Madan: So, I think as we've been indicating in our earlier calls too, so these 2 JVs are combined levels were more or less brea… | We have grown in line with industry, and this growth was supported by new product launches and range of customer-focused initiatives. | Got it Sir and second question was on railways part nine months growth is strong and even last two years growth was strong for this quarter there was … | The industry in the North and Central region grew by 2.5%, while the rest of the country saw a substantial growth of 28.6%. | So, yes, to a certain extent, you are right that subsidies have played a major role in the growth of the industry. | Escorts Kubota Limited May 09, 2024 So overall, I think like we mentioned, it will be close to roughly about INR2,000 crores of top line, which we get… | Industry in the North and central region experienced growth of 10%-odd percent whereas the rest of the country saw a substantial growth of 25.1%. | And in the western part and in the southern part of the country, otherwise, the overall growth was about 30%. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2025-02-13 | Q3FY25 | Escorts Kubota Limited | For FY '25 full year, we expect the domestic tractor industry to continue its growth trajectory with a growth of around 6% to 7% for the full year. |