The tractor and construction machinery manufacturer reported a net profit of ₹235 crore for the quarter ended September 2023, up from ₹87 crore in the year-ago period. Revenue increased 8.6% to ₹2,046.2 crore. In the corresponding period in the preceding year, the company had reported a revenue of ₹1,883.5 crore.
Escorts Kubota's EBITDA rose 72.4% to ₹263.3 crore in the period under review, up from ₹152.7 crore in the July-September quarter 2022. Margin came at 12.9% for the quarter.
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