Q3 2025 Escorts Kubota Ltd Earnings Call Transcript
Key Points
- Operating revenue from continuing operations increased by 8.5% year-on-year to INR2,935.4 crore.
- EBITDA rose by 3.6% year-on-year to INR335.3 crore, with an EBITDA margin of 11.4%.
- Net profit from continuing operations grew by 7.7% year-on-year to INR290.5 crore.
- The company launched the PROMAXX series in the Farmtrac brand, targeting new markets and filling product gaps.
- Construction Equipment business saw an EBIT margin improvement to 11% from 8.1% in the previous year.
- The company's market share growth lagged behind the industry, particularly in non-strong markets.
- There was a reduction in EBIT margin for the Agri Machinery business from 12.1% to 10.4%.
- The transition to BS-V standards in the Construction Equipment industry is expected to cause a temporary volume impact.
- Export volumes for tractors decreased compared to the previous year, with a notable drop in export numbers.
- The Railway Equipment business, now classified as discontinued operations, saw a revenue decline of 2.2%.
Ladies and gentlemen, good day, and welcome to Q3 FY25 earnings conference call of Escorts Kubota hosted by Batlivala & Karani Securities India Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Annamalai Jayaraj from Batlivala & Karani Securities India Limited. Thank you and over to you.
Thank you, [Christen]. Good evening. On behalf of Batlivala & Karani Securities India Private Limited, I welcome you all for Escorts Kubota Limited Q3 and nine months FY25 earnings conference call. I also take this opportunity to welcome the management team from Escorts Kubota Limited. Today, we have Mr. Bharat Madan, Whole-time Director and Chief Financial Officer; Mr. Neeraj Mehra, Chief Officer, Tractor Business Division; Mr. Sanjeev Bajaj, Chief Officer, Construction Equipment Business Division; Mr. Sanjeev Garg, Head, Finance and Tax; and Mr. Prateek Singhal, Investor Relations and ESG.
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