'
Escorts Kubota hosted
a conference call on Feb 10, 2025. In the conference call, company was
represented by- Mr. Bharat Madan: Chief Financial Officer, Mr. Neeraj Mehra:
Head of Farmtrac & Powertrac Sales and Mr. Sanjeev Bajaj: Chief Officer of
Construction Equipment Business.
Key takeaways of the call
In Q3 FY25, tractor volume stood at
32,556 units, up by 4.5% YoY. Construction Volume decreased 0.9% YoY to 1989
units.
During 9M FY25, tractor volume stood
at 88,921 units, down by 0.8% YoY. Construction Volume decreased 8.1% YoY to
4765 units.
The profitability
of the Railway Equipment division is shown separately as discontinued
operations. The financial statements for prior periods have been adjusted
accordingly.
In Q3 FY25, EBITDA
margin fell due to inflation & Lower non-operating income. Going forward,
management expects margin to improve....
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