Escorts Kubota Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 04:30 am EST
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Escorts Kubota Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 23,416.2 million compared to INR 22,913.5 million a year ago. Revenue was INR 24,452.1 million compared to INR 23,830.3 million a year ago. Net income was INR 2,840 million compared to INR 1,808.2 million a year ago. Basic earnings per share from continuing operations was INR 26.2 compared to INR 16.7 a year ago. Diluted earnings per share from continuing operations was INR 26.15 compared to INR 16.68 a year ago.
For the nine months, sales was INR 67,560.9 million compared to INR 62,142.1 million a year ago. Revenue was INR 70,491.2 million compared to INR 64,194.6 million a year ago. Net income was INR 7,972.1 million compared to INR 4,202.9 million a year ago. Basic earnings per share from continuing operations was INR 73.57 compared to INR 38.85 a year ago. Diluted earnings per share from continuing operations was INR 73.44 compared to INR 38.79 a year ago.
Escorts Kubota Limited is an India-based engineering company. The Company is primarily engaged in the business of manufacturing of agricultural tractors, engines for agricultural tractors, construction, earth moving and material handling equipment, round and flat tubes, heating elements, double acting hydraulic shock absorbers for railway coaches, center buffer couplers, automobile shock absorbers, telescopic front fork & McPherson struts, brake block, internal combustion engines and all types of brake used by railways. It also trades in oils & lubricants, implements, trailers, tractors, compressor accessories and spares, construction, earth moving and material handling equipment. The Companyâs segments include Agri machinery, Construction equipment, Railway equipment and Others. It manufactures Agri-equipment, like tractors, combines, planters, sprayers, and tillage solutions. The Construction equipment segment offers a range of construction and material handling equipment support.