More Stories

Informist, Saturday, Mar. 1, 2025

--Escorts Kubota Feb tractor sales 8,590 units, up 11.4% on year 
--Escorts Kubota Feb tractor exports 622 units, up 41.4% on year 
--Escorts Kubota Feb domestic tractor sales 7,968 units, up 9.6% on year 
--Escorts Kubota Apr-Feb tractor sales 104,180 units, down 0.3% on year 
 

MUMBAI – Escorts Kubota Ltd.'s tractor despatches grew for the first time in four months, as it sold 8,590 tractors in February to dealers, 11.4% more than it did in the same month last year. In India, the company despatched 7,968 tractors, registering a year-on-year growth of 9.6% while its exports grew 41.4% on year to 622 units, it said in an exchange filing on Saturday.

"While the demand from our stronger markets was good, Western region saw some pressure due to lower crop prices impacting liquidity," the company said in a statement. Escorts Kubota expects growth momentum to continue in the coming months on the back of increased Rabi sowing, good water reservoir levels, and a favourable base effect.

In Apr-Feb, the company's tractor wholesale sales moderated mildly to 104,180 units. Exports in the first 11 months of the ongoing financial year fell nearly 14% on year to 4,392 units while in India, its sales fell a tad to 99,788 units.

Despatches of its construction equipment declined a little over 16% year on year in February to 561 units. In Apr-Feb, sales of its construction equipment fell to 5,870 units, 8.4% lower than a year ago.

The company said that the industry is facing short-term issues due to rundown of old emission level inventories and the price escalations due to the changeover in emission norms. "However, with government's continued thrust on infrastructure development, as evidenced in the Union Budget, we expect industry to do well over next year despite these challenges," the company said.

For the December quarter, its net profit was INR 3.23 billion on revenues of INR 29.35 billion. Friday, its shares closed at INR 2,868.95 on the National Stock Exchange, down 1.9%.  End

Reported by Anand JC

Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.