Escorts Kubota has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 8.26% fall in its net profit at Rs 185.47 crore for the quarter under review as compared to Rs 202.17 crore for the same quarter in the previous year. However, total income of the company increased by 17.46% at Rs 2,259.23 crore for Q4FY23 as compared to Rs 1,923.41 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 13.94% rise in its net profit at Rs 216.46 crore for fourth quarter ended March 31, 2023 as compared to Rs 189.98 crore for the same quarter in the previous year. Total income of the company increased by 17.96% at Rs 2,290.16 crore for Q4FY23 as compared to Rs 1,941.48 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 20.72% fall in its net profit at Rs 606.98 crore as compared to Rs 765.61 crore for the previous year. However, total income of the company increased by 17.10% at Rs 8,625.51 crore for year under review as compared to Rs 7,365.70 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 13.45% fall in its net profit at Rs 636.65 crore as compared to Rs 735.61 crore for the previous year. However, total income of the company increased by 16.81% at Rs 8,709.62 crore for year under review as compared to Rs 7,456.45 crore for year ended March 31, 2022.
