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    Escorts Kubota reports Rs 277 crore profit for Q3 FY2024

    The strong uptick was recorded on the back of demand for construction equipment volumes which was able to counter the slowdown in tractor volumes and railway product revenue.

    Written by Express Mobility Desk
    Updated:
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    Escorts Kubota

    Escorts Kubota, a leading construction and tractor manufacturer has announced its financial results for Q3 and 9 months of FY2024.

    For Q3, the company reported revenue of Rs 2,320 crore, a flat growth of 2.5 percent, and a net profit of Rs 277 crore, up 48.8 percent YoY respectively.

    The strong uptick was recorded on the back of demand for construction equipment volumes which was able to counter the slowdown in tractor volumes and railway product revenue.

    For 9-months of FY2024, the revenue came at Rs 6,694 crore, up 8.6 percent, while net profit grew by 11.9 percent at Rs 795 crore respectively.

    TOPICS
    commercial vehicles
    This article was first uploaded on February eight, twenty twenty-four, at thirty-eight minutes past four in the afternoon.
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