Q4 2024 Escorts Kubota Ltd Earnings Call Transcript
Key Points
- Escorts Kubota Ltd (BOM:500495) achieved its highest-ever operating revenue at INR8,776.7 crores, up by 5.2% Y-o-Y.
- The construction equipment division saw its highest-ever volume at 6,548 units, up 41.7% Y-o-Y.
- EBITDA for the year reached its highest-ever at INR1,168.8 crores, up by 49.8% Y-o-Y.
- The company reported its highest-ever net profit at INR1,037.2 crores, up by 70.9% Y-o-Y.
- The railway equipment division achieved its highest-ever yearly revenue at INR950.4 crores, up 12.9% Y-o-Y.
- Tractor volumes decreased by 7.2% Y-o-Y to 95,858 units.
- The domestic tractor industry saw a decline of 7.4% Y-o-Y.
- Export volumes for tractors decreased by 30% to 5,619 units.
- Operating revenue for Q4 FY '24 was down by 4.6% Y-o-Y.
- Railway equipment revenue for Q4 FY '24 decreased by 10.1% Y-o-Y.
Ladies and gentleman, good day, and welcome to Escorts Kubota Limited Q4 FY '24 earnings conference call hosted by Anand Rathi Shares and Stock Brokers Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Mumuksh Mandlesha from Anand Rathi Shares and Stock Brokers Limited. Thank you, and over to you, sir.
Thank you, Steve. Good evening, on behalf of Anand Rathi Shares and Stock Brokers, I welcome you all for Escorts Kubota Limited Q4 FY '24 Earnings Conference Call. I also take this opportunity to welcome the management team from Escorts Kubota Limited.
Today, we have with us Mr. Bharat Madan, Whole-Time Director and Chief Financial Officer; Mr. Neeraj Mehra, Chief Officer, Agri Machinery Business Division, Domestic Sales; Mr. Sanjeev Bajaj, Chief Officer, Construction Equipment Business Division; Mr. Ankur Dev, Chief Officer, Railway Equipment Business Division; Mr. Sanjiv Garg, Head of Finance and
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