Escorts Kubota Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Escorts Kubota Ltd reported a 17.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 25.1%.
- Its expenses for the quarter were up by 16.7% QoQ and 29.4% YoY.
- The net profit decreased 1.1% QoQ and increased 12.9% YoY.
- The earnings per share (EPS) of Escorts Kubota Ltd stood at 29.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3057.89 | 2604.58 | 2445.21 | 17.4% | 25.1% |
Total Expenses | 2680.36 | 2297.35 | 2072.07 | 16.7% | 29.4% |
Profit Before Tax | 377.53 | 307.23 | 373.14 | 22.9% | 1.2% |
Tax | 89.18 | -17.10 | 95.01 | -621.5% | -6.1% |
Profit After Tax | 320.63 | 324.22 | 284.01 | -1.1% | 12.9% |
Earnings Per Share | 29.10 | 29.50 | 26.10 | -1.4% | 11.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Escorts Kubota Ltd is a prominent player in the manufacturing sector, focusing predominantly on the agricultural machinery and construction equipment industries. The company offers a range of products including tractors, cranes, and other heavy machinery, catering primarily to the agricultural and infrastructure sectors. Over recent years, Escorts Kubota Ltd has undergone significant growth and transformation, partly due to strategic partnerships and expansions into new markets. Notably, the collaboration with Kubota Corporation, a key player in the global machinery industry, has been a cornerstone in propelling its technological advancements and market reach. This partnership aims to leverage synergies between the two companies to enhance product offerings and improve operational efficiencies.
Revenue
During the third quarter of fiscal year 2025 (Q3FY25), Escorts Kubota Ltd reported a total income of ₹3057.89 crores. This represents a 17.4% increase from the previous quarter (Q2FY25), where the total income was ₹2604.58 crores. Compared to the same quarter in the previous fiscal year (Q3FY24), there was a year-over-year (YoY) increase of 25.1%, with the total income having been ₹2445.21 crores. These figures indicate robust revenue growth on both a quarterly and yearly basis. The significant increase in total income highlights the company's expanding market presence and potential scaling of operations.
Profitability
For Q3FY25, Escorts Kubota Ltd achieved a profit before tax (PBT) of ₹377.53 crores, reflecting a quarter-over-quarter (QoQ) increase of 22.9% from Q2FY25, where the PBT was ₹307.23 crores. On a year-over-year (YoY) comparison, the PBT showed a slight increase of 1.2% from ₹373.14 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 stood at ₹320.63 crores, which marks a marginal decline of 1.1% QoQ from ₹324.22 crores in Q2FY25 but an increase of 12.9% YoY from ₹284.01 crores in Q3FY24. Additionally, the earnings per share (EPS) decreased by 1.4% from ₹29.50 in Q2FY25 to ₹29.10 in Q3FY25, while increasing 11.5% from ₹26.10 in Q3FY24.
Operating Metrics
Total expenses for Escorts Kubota Ltd in Q3FY25 were reported as ₹2680.36 crores, up by 16.7% from Q2FY25, where expenses were ₹2297.35 crores. Compared to Q3FY24, the expenses increased by 29.4% from ₹2072.07 crores, indicating a substantial rise in operating costs over the year. The tax expense in Q3FY25 was ₹89.18 crores, contrasting with a tax rebate of ₹-17.10 crores in Q2FY25, which shows a notable fluctuation as the tax expense for Q3FY24 was ₹95.01 crores, marking a YoY decrease of 6.1%. The significant changes in tax expense between quarters may reflect adjustments in tax strategies or regulatory impacts.
