Escorts Kubota Tractor Sales Report- 28% YoY Increase in Feb’23

Escorts Kubota Limited Agri Machinery business released a sales report for February 2023. In February 2023, the leading tractor brand sold 7,811 tractors, up from 6,114 tractors in February 2022. The brand grew at a 27.8% annual rate.

Escorts Kubota's Domestic tractor sales in February 2023 were 7,245 tractors, a 27.4 percent increase from 5,686 tractors sold in February 2022.

Export tractor sales in February 2023 were 566 tractors, a 32.2 percent increase from 428 tractors sold in February 2022.

Escorts Kubota Domestic and Export Sales Report Feb 2023

Escorts Kubota YOY Tractor Sales Report

The company's Construction Equipment Business sold 470 machines in February 2023, a 21.8% increase from 386 machines sold in February 2022.

The company also stated that with the current pace of ongoing infrastructure projects and proposed investment outlay on various projects including smart cities, it expects the Construction Equipment space to maintain its growth momentum.

Despite a 14.8% increase in revenue from operations to Rs 2,263.67 crore in Q3 FY23 over Q3 FY22, the company's standalone net profit fell 7.5% to Rs 186.4 crore.

Retail demand for Escorts Kubota tractors is increasing and remains strong across geographies. Demand will remain strong in 2023 due to improved crop pricing, improved rabi sowing, good water retention, and justified union budget allocation to rural and agri sectors.

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