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Earnings Call

Escorts Kubota Earnings Call: Key Takeaways

Escorts Kubota Limited (EKL) projects FY26 operational revenue of ₹11,473 Cr with 13.2% EBITDA margin. Strategy focuses on Kubota synergy, domestic tractor leadership, and expanding exports.

Guidance and delivery
Management target Revenue 12.6% FY26
Highlights
Revenue growth12.6% YoY projected for FY26.
MarginsEBITDA margin projected to expand to 13.2% in FY26.
Demand visibilityPositive, driven by mechanization trends and MSP for crops.
Management confidenceHigh, leveraging Kubota's global expertise for synergies.

Growth

Projected FY26 revenue growth of ~12.6% YoY vs FY25. Reported PAT expected to reach ₹1,381 Cr.

Outlook

Targeting 1.16 million units in domestic tractor industry for FY26. Expanding dealer network 1.5X and driving multi-brand ownership.

Risks

Domestic tractor industry cyclicality, labor scarcity, and regulatory changes in export markets.

Last quarter's promises, checked

Delivered

  • Guided FY26 Tractor Industry 1.16M units → delivered 1.16M units (= BEAT)
  • Guided FY26 Revenue ~₹11,473 Cr → delivered ₹11,472.8 Cr (= BEAT)
  • Guided FY26 EBITDA Margin 13.2% → delivered 13.2% (= BEAT)

Partly delivered

  • Guided FY26 Export Growth → delivered 33.8% volume growth but 60% via Kubota channel (= PARTIAL)

Missed

  • Guided Construction Industry Growth → delivered 7% de-growth (= MISS)
Source

Earnings Call filed with NSE, NSE: ESCORTS. Summary written with AI assistance from the document.

Read the document ↗

Escorts Kubota Ltd: key numbers

Share price
₹2,855.70
Market cap
₹31,949 Cr
Revenue (annual)
₹11,540 Cr
Net profit (annual)
₹2,394 Cr
P/E (TTM)
23.1×Sector 33.6×
Promoter holding
68.04%+0.00% QoQ
FII holding
6.36%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Escorts Kubota Ltd

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09:13 IST BSE
Management Change

Escorts Kubota Management Change

Escorts Kubota appoints Mr. Manish Sharma as President-Agri Business effective September 21, 2026. He will oversee Tractors, Agri Solutions, Service and Spare Parts globally.

17:47 IST NSE
Legal & Regulatory

Escorts Kubota Legal & Regulatory

Escorts Kubota Limited reported a Rs. 0.10 Crore GST penalty order due to goods detained in transit. The company intends to file an appeal against this order.

Value
₹0.10 Cr
17:49 IST BSE
Other Announcement

Escorts Kubota Other Announcement

Escorts Kubota Limited has cancelled its one-on-one virtual investor meeting with Saamya Advisors LLP, originally scheduled for September 18, 2026.

18:52 IST BSE
Promoter Buying (Off-Market)

Escorts Kubota Promoter Buying (Off-Market)

Niky Tasha Private Limited acquired 2,500 equity shares from Niky Tasha Communications Private Limited within the promoter group. This reflects an internal restructuring.

16:48 IST NSE
Product Launch

Escorts Kubota Product Launch

Escorts Kubota launched new tractor models: the 6055 Classic 'Dark Edition' and the PROMAXX 2.0 range. These additions commemorate three decades of the Farmtrac brand.