Escorts Kubota Q1 Results: Stock jumps 6% as margins expand despite drop in revenue

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) remained flat at ₹322 crore. The EBITDA margin expanded by 50 basis points year-on-year to 13%.

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) remained flat at ₹322 crore. The EBITDA margin expanded by 50 basis points year-on-year to 13%.

Escorts Kubota Q1 Results: Stock jumps 6% as margins expand despite drop in revenue
Escorts Kubota Ltd. reported its June quarter earnings on Monday, August 4. The company posted a net profit of ₹1,397 crore, higher than ₹302 crore in the same quarter last year. The company reported an exceptional gain of ₹76 crore during the quarter.

Revenue for the quarter stood at ₹2,500 crore, down 3% year-on-year from ₹2,574 crore.


Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) remained flat at ₹322 crore. The EBITDA margin expanded by 50 basis points year-on-year to 13%.

Following the earnings announcement, shares of Escorts Kubota Ltd. are trading 6.13% higher on Monday at ₹3,491.30. The stock is up 6% on a year-to-date basis.

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