Introduction:
Rakesh Jhunjhunwala stock reported an 8.5% YoY rise in net profit to ₹323.2 crore in Q3 FY24. Revenue grew 8.5% YoY to ₹2,935.4 crore, with EBITDA up 3%. Strong performance across key segments highlights its growth and financial stability.
Share Price movement of Escorts Kubota:
On February 10, 2025, Escorts Kubota Ltd opened at ₹3,200.00, reaching a high of ₹3,244.00 and a low of ₹3,104.80, down 5.86% from its previous close of ₹3,303.10. Currently, it is trading at ₹3,109.50, with a market cap of ₹34,810.76 crore.
Escorts Kubota Q3 Results:
Escorts Kubota Ltd reported an 8.5% YoY increase in net profit to ₹323.2 crore for Q3 FY24, compared to ₹298 crore last year. Revenue rose 8.5% YoY to ₹2,935.4 crore, while EBITDA grew 3% to ₹335.4 crore, with margins at 11.4%.
The Agri Machinery segment saw 4.5% YoY growth in tractor volumes, pushing revenue up 9.4% YoY to ₹2,416.6 crore. The Construction Equipment segment saw a 0.9% YoY drop in sales volume but revenue increased 4.1% YoY to ₹515.7 crore, with EBIT margin improving to 11%.
The Railway Equipment segment posted a 2.2% YoY revenue decline to ₹200.4 crore but PAT improved to ₹32.7 crore, up from ₹28.1 crore YoY. Escorts Kubota declared a ₹10 per share dividend, reflecting stable financial performance and strategic growth in key business segments.
Also Read: Agrochemical stock falls 11% after its net profit decreases by 85.87% QoQ
Recent news About Escorts Kubota :
In November 2024, Escorts Kubota received a penalty order from the Assistant Excise & Taxation Officer in Faridabad, Haryana, amounting to ₹83.12 lakh. The company is currently assessing the order and considering appropriate legal remedies to address the issue.
Ace investor holding of Escorts Kubota:
The Estate of Late Mr. Rakesh Jhunjhunwala holds 17,08,388 shares of Escorts Kubota Ltd at ₹3,109.3 per share, representing a 1.53% stake. This new holding is valued at ₹531.2 crore, highlighting continued interest in the stock from the ace investor’s portfolio.
Stock performance of Escorts Kubota for Period of 1 week, 6 months and 1 year:
Escorts Kubota’s stock showed 0.07% growth over the past week, indicating stability in the short term. Over six months, it declined 9.74%, reflecting a moderate downtrend. However, on a yearly basis, the stock delivered a 17.3% return, showcasing steady long-term performance.
Also Read: Railway stock jumps after it receives order worth ₹355 Cr for Kavach equipment
Shareholding pattern of Escorts Kubota:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 68.04 | 68.04 | 67.64 |
| FII | 5.89 | 6.32 | 6.44 |
| DII | 10.2 | 10.21 | 10.37 |
| Retail & others | 15.85 | 15.43 | 15.55 |
About Escorts Kubota:
Escorts Kubota Ltd is a leading manufacturer of agricultural machinery, construction equipment, and railway components. It specializes in tractors, cranes, and engines, catering to domestic and global markets. The company focuses on innovation, automation, and sustainable solutions to enhance productivity and efficiency.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
