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07-Nov-2024

Escorts Kubota

Divested its railway business to streamline operations and enhance the scale and efficiency of its core business


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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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