Commercial Vehicles company Escorts Kubota announced Q4FY24 & FY24 results:
Financial Highlights:
- Highest-ever Standalone Net profit after tax at Rs 1,037.2 crore, demonstrating a substantial YoY rise of 70.9%.
- The company's Standalone EBIDTA saw an increase of 49.8% at Rs 1,168.8 crore, indicating a significant improvement in earnings before interest, taxes, depreciation, and amortization.
- Tractor sales volumes totaled 95,858 units, despite being down by 7.2% compared to the previous year.
- Construction Equipment volumes showed a robust YoY growth of 42.2%, reaching 6,548 units.
- The consolidated net profit for the company stood at Rs 1,049.5 crore, a significant increase of 64.8%. This upward trend is also mirrored in the consolidated EBIDTA figures.