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Escorts Kubota reports 7% fall in Q3 consolidated net profit

08 Feb 2023 Evaluate

Escorts Kubota has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a fall of 7.50% in its net profit at Rs 186.40 crore for the quarter under review as compared to Rs 201.52 crore for the same quarter in the previous year. However, total income of the company increased 17.90% at Rs 2354.95 crore for Q3FY23 as compared to Rs 1997.46 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 6.66% in its net profit at Rs 180.80 crore for the quarter under review as compared to Rs 193.71 crore for the same quarter in the previous year. However, total income of the company increased 17.68% at Rs 2383.03 crore for Q3FY23 as compared to Rs 2025 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Escorts Kubota 2856.45
VST Tillers Tractors 4466.15
Indo Farm Equipments 138.25
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