Escorts Kubota Q2 Profit Rises 6%; Revenue Up 23% on Strong Tractor Sales

Escorts Kubota Limited (EKL) reported a consolidated net profit of ₹321.2 crore for the quarter ended September 2025, a 6% year-on-year increase, driven by robust performance in its agri machinery segment. Revenue for the quarter rose 22.6% to ₹2,777.4 crore, compared with ₹2,264.9 crore in the same period last year.

On a sequential basis, revenue was up 11.8% from ₹2,483.4 crore in the previous quarter. The company’s EBITDA surged 56% to ₹363.2 crore, with margins expanding 280 basis points to 13.1%. Profit before tax jumped 55.2% to ₹431.1 crore.

For the first half of FY26, revenue from continuing operations increased 9.1% to ₹5,260.8 crore, while EBITDA rose 25.2% to ₹688.2 crore. Profit before tax for the period was ₹849 crore, up 35.2% year-on-year. Including discontinued operations — following the divestment of its railway business — net profit for the first half stood at ₹1,721.4 crore, up from ₹630.2 crore a year earlier.

Tractor Sales Power Growth
The agri machinery business continued to be the key growth driver. Tractor volumes rose 30.3% year-on-year to 33,877 units in Q2, while segment revenue grew 29.1% to ₹2,432.9 crore. EBIT margins improved significantly to 12.8%, compared with 9.1% a year earlier.

In contrast, the construction equipment business saw muted performance, with sales at 1,146 units versus 1,394 units last year. Segment revenue declined to ₹338.1 crore from ₹379.9 crore, and EBIT margins fell to 3.8% from 9.3%.

The company said it remains focused on strengthening its core businesses and improving operational efficiency. “The strong growth in our agri machinery segment reflects continued rural demand recovery and our ability to deliver value-driven products. We continue to pursue profitable growth across all business verticals,” said Bharat Madan, Whole-Time Director and Group CFO, Escorts Kubota Ltd.