Escorts Kubota Ltd has introduced a 9% improve in car gross sales for the month of Might. The corporate has offered 9,167 items of tractors previously month – its highest ever Might gross sales. It offered 8,421 tractors in Might, 2022.
Home tractor gross sales in Might 2023 have been at 8,704 tractors registering a development of 13.5 p.c towards 7,667 tractors offered in Might 2022, the corporate mentioned.
Equally, export tractor gross sales in Might 2023 have been at 463 in comparison with 754 tractors offered in Might final yr.
“Total, the macroeconomic components and farmer sentiments stay constructive, leading to a constructive gross sales pattern throughout most geographies. Going ahead, we anticipate the present momentum to proceed within the close to time period led by regular rainfall forecast, satisfactory reservoir ranges, higher liquidity and client credit score availability,” Escorts Kubota mentioned in a press assertion.
Final month, the corporate reported 13.4% on yr rise in its consolidated internet revenue for the quarter ended March 2023. The Q4FY23 consolidated internet revenue stood at ₹216.5 crore as in comparison with ₹190.0 crore in Q4FY22. Following the discharge of the This fall quantity, Escorts Kubota share worth on NSE ended down 1.5% at ₹2,047.55 apiece.
Consolidated income from operations of the corporate for Q4FY23 was ₹2,214.5 crores, up 17.4% from ₹1,886.6 crore in the identical quarter final yr. EBIDTA was ₹233.2 crore for the quarter that resulted in March 2023 as in comparison with ₹248.2 crore for a similar quarter the yr earlier than.
Up to date: 01 Jun 2023, 11:07 AM IST