Escorts Kubota Ltd, a major manufacturer of agricultural and construction equipment, announced consolidated net profit of ₹385.93 crore for the first quarter ending June 30.
In regulatory filings, the company specified that in the corresponding period of the previous fiscal year, the consolidated net profit was ₹1,397.1 crore.
In the first quarter of FY2026, the net profit from discontinued operations amounted to ₹1,027.63 crore. The company noted that the corresponding quarter of the previous year included one-time income from the sale of the railway equipment segment (RED), as well as exceptional income from the sale of land and buildings; therefore, the net profit, including discontinued operations, in the first quarter of FY2027 cannot be directly compared with the figures from the first quarter of FY2026.
Consolidated operating revenue in the first quarter reached ₹3,207.55 crore compared to ₹2,500.05 crore a year earlier. Total expenses in the quarter were higher at ₹2,923.25 crore versus ₹2,242.22 crore for the same period last year.
The volume of tractor sales in the first quarter reached 36,862 units, which is 20.5% more than 30,581 units a year ago. Furthermore, the volume of construction equipment sales was 1,344 units, exceeding the previous year's figure by 27.4%.
The company stated that despite the pressure of commodity inflation, its focused cost management and increased operational efficiency helped maintain growth. Management expressed confidence in the future, relying on a strong portfolio of new products, continuous innovation, and commitment to creating value for customers and stakeholders.
