Net profit of Escorts Kubota rose 16.36% to Rs 251.90 crore in the quarter ended March 2024 as against Rs 216.49 crore during the previous quarter ended March 2023. Sales declined 5.46% to Rs 2093.53 crore in the quarter ended March 2024 as against Rs 2214.48 crore during the previous quarter ended March 2023.For the full year,net profit rose 64.75% to Rs 1049.11 crore in the year ended March 2024 as against Rs 636.78 crore during the previous year ended March 2023. Sales rose 4.99% to Rs 8849.62 crore in the year ended March 2024 as against Rs 8428.69 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2093.532214.48 -5 8849.628428.69 5 OPM %12.4510.53 -13.189.14 - PBDT376.83315.99 19 1568.021037.70 51 PBT332.67277.62 20 1401.12887.64 58 NP251.90216.49 16 1049.11636.78 65 Powered by Capital Market - Live News

Escorts Kubota announced that the Board of Directors of the Company at its meeting held on 09 May 2024, has recommended a Final dividend of Rs.18 per share (i.e.180%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Escorts Kubota � Agri Machinery Business Division, shall be increasing the prices of its tractors effective 1 May 2024 onwards. The increase in prices would vary across models/variants and geographies. Powered by Capital Market - Live News

Escorts Kubota will hold a meeting of the Board of Directors of the Company on 9 May 2024.Powered by Capital Market - Live News

Escorts Kubota Construction Equipment Business Division in March 2024 sold 662 machines registering a growth of 9.2 percent as against 606 machines sold in March 2023. The ongoing Government focus on improving infrastructure has laid a strong foundation for sustained growth in the industry. Going forward, we expect the similar demand momentum to continue in FY25 too. The company sold 1,798 machines in Q4 (recording YoY growth of 177%) and 6,548 machines in FY 2024 (recording YoY growth of 41.7%). Powered by Capital Market - Live News