'
Escorts Kubota hosted
a conference call on Nov 7, 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
The National
Company Law Tribunal, Chandigarh Bench (NCLT) has approved the Scheme of
Amalgamation of Escorts Kubota India and Kubota Agricultural Machinery India (Amalgamating
Companies) with Escorts Kubota (Amalgamated Company). In order to reflect the
Scheme''s impact from the appointed date of April 1, 2023, the Company has
restated previously reported numbers.
In Q2 FY25,
margin remained stable due to softening in commodity prices, better product mix
and price realization.
In
Q2 FY25, tractor volume stood at 25,995 units, down by 0.9% YoY. Construction Volume
decr...
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