Escorts Kubota Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 09, 2024 at 05:30 am EDT
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Escorts Kubota Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 20,935.3 million compared to INR 22,144.8 million a year ago. Revenue was INR 2,199,090 million compared to INR 22,901.6 million a year ago. Net income was INR 2,519 million compared to INR 2,164.9 million a year ago. Basic earnings per share from continuing operations was INR 23.23 compared to INR 19.99 a year ago. Diluted earnings per share from continuing operations was INR 23.2 compared to INR 19.96 a year ago.
For the full year, sales was INR 88,496.2 million compared to INR 84,286.9 million a year ago. Revenue was INR 92,482.1 million compared to INR 87,096.2 million a year ago. Net income was INR 10,491.1 million compared to INR 6,367.8 million a year ago. Basic earnings per share from continuing operations was INR 96.8 compared to INR 58.85 a year ago. Diluted earnings per share from continuing operations was INR 96.64 compared to INR 58.76 a year ago.
Escorts Kubota Limited is an India-based engineering company. The Company is primarily engaged in the business of manufacturing of agricultural tractors, engines for agricultural tractors, construction, earth moving and material handling equipment, round and flat tubes, heating elements, double acting hydraulic shock absorbers for railway coaches, center buffer couplers, automobile shock absorbers, telescopic front fork & McPherson struts, brake block, internal combustion engines and all types of brake used by railways. It also trades in oils & lubricants, implements, trailers, tractors, compressor accessories and spares, construction, earth moving and material handling equipment. The Companyâs segments include Agri machinery, Construction equipment, Railway equipment and Others. It manufactures Agri-equipment, like tractors, combines, planters, sprayers, and tillage solutions. The Construction equipment segment offers a range of construction and material handling equipment support.
ESCORTS KUBOTA LIMITED