Escorts Kubota Results Earnings Call for Q1FY24
Conference Call with Escorts Kubota Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.01-08-2023
01-08-2023
Escorts Kubota Ltd - 500495 - Disclosure Of Contact Details Of Personnels, Who Are Authorized For The Purpose Of Determining Materiality Of Event
Contact Details of Personnels are attached01-08-2023
Escorts Kubota Q1 Results: Net profit up 91% YoY to 282 crore; revenue jumps 15%
Escorts Kubota Q1 Results: The revenue from operations jumped 15.5% YoY from 2,014.9 crore to 2,237.7 crore01-08-2023
Q1FY24 Quarterly Result Announced for Escorts Kubota Ltd.
Commercial Vehicles company Escorts Kubota announced Q1FY24 results: Consolidated Q1FY24: Revenue from operations for Q1FY24 came at Rs 2,355.2 crore correspondingly up by 15.9% and sequentially up by 6.4%. Net profit after tax correspondingly more than doubled to Rs 289.9 crore as against Rs 140.6 crore in Q1FY23 and up by 33.9% as against Rs 216.5 crore in Q4FY23. EPS reported at Rs 26.76 as against Rs 13.01 in Q1FY23 and Rs 19.99 in Q4FY23. Standalone Q1FY24: Profit of Rs 282.8 crore in Q1FY24, up by 91.8% as against a profit of Rs 147.5 crore in the corresponding quarter and up by 52.5% as against Rs 185.5 crore in the sequential quarter. Revenue from operations for Q1FY24 came at Rs 2,327.7 crore up by 15.5% as against Rs 2,014.9 crore in the corresponding quarter and up by 6.6% as against Rs 2,183.0 crore in the sequential quarter. EBIDTA for Q1FY24 came at 326.9 crore correspondingly up by 62.2% as against Rs 201.6 crore and sequentially up by 38.6% as against Rs 235.8 crore, led by operating leverage, and softening in commodity prices. Speaking on the results, Chairman and Managing Director Nikhil Nanda said, “In the agribusiness, overall sentiments were mixed last quarter as markets with good rainfall and crop prices showed good momentum, and markets with a delayed monsoon had a slightly dampened demand. Going forward, with further advancement of monsoon across the country, adequate reservoir levels, better liquidity, and consumer credit availability, we expect the demand momentum to improve. The construction business has done well and is poised well for further growth with government thrust and focus on faster execution of infrastructure projects. The demand for construction machinery is still buoyant and post-monsoon, we expect the momentum to further accelerate. The railway business, with innovative products and an expanded portfolio, is well aligned with the growing requirements of rail transport both on the domestic and international fronts and continues to grow. Our investments will continue towards sustainable products and solutions, expanded portfolio, enhanced customer reach, and product experience.” As per Deputy Managing Director, Seiji Fukuoka, “In addition to our domestic business growth, we are strategically aligning our efforts to leverage on our export network for further impetus and open new opportunities. The innovative product line expanded coverage and quality excellence remain our top priority. Capacity built-up and process optimization will help us in further growth and create new benchmarks in customer experience.” Result PDF01-08-2023
Escorts Kubota Ltd - 500495 - Details Of Personnels For The Purpose Of Determining Materiality Of Event Or Information
Details of Personnels for the purpose of Determining Materiality of Event or Information01-08-2023
Escorts Kubota Ltd - 500495 - Intimation Of Revision In The Policy
Intimation of Revision in the Policy01-08-2023
Escorts Kubota Ltd - 500495 - Announcement under Regulation 30 (LODR)-Investor Presentation
Intimation of Earning Presentation01-08-2023
Escorts Kubota Ltd - 500495 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Intimation of Press Release01-08-2023
Escorts Kubota Ltd - 500495 - Results For The Quarter Ended June 30, 2023, Along With Limited Review Report
Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2023 along with Limited review Report thereon01-08-2023
Escorts Kubota Ltd - 500495 - Board Meeting Outcome for Outcome Of The Board Meeting Of Escorts Kubota Limited Pursuant To Regulation 30 And Unaudited Financial Results Pursuant To Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations)
Pursuant to Regulations 30 and 33 of the SEBI Listing Regulations, please note that the Board of Directors of the Company has approved, inter-alia, the f Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2023, along with Limited Review Report in their meeting held today i.e. August 1, 2023, commenced at 12:00 Noon and concluded at 14:25 P.M.01-08-2023