'
Escorts Kubota hosted a
conference call on May 9, 2024. In the conference call, company was represented
by- Mr. Bharat Madan: Chief Financial Officer, Mr. Neeraj Mehra: Head of
Farmtrac & Powertrac Sales and Mr. Sanjeev Bajaj: Chief Officer of
Construction Equipment Business.
Key takeaways of the call
In Q4 FY24,
tractor volume stood at 21.253 units, down by 14.2% YoY. In FY24, tractor
volume stood at 95,858 units, down by 7.2% YoY.
In Q4 FY24,
Agri segment EBITDA margin improved driven by softening in commodity prices,
better realization and cost control measures.
Management
expects domestic tractor industry to do better in H2 FY25.
In Q4 FY24,
company’s domestic tractor volume fell by 13.7% YoY compared to industry
de-growth of 18.9% YoY. In FY24, company’s domestic tractor volume fell by 5.3%
YoY compared to industry de-growth of 7.4% YoY.
...
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