Escorts Kubota Reports Audited Financial Results for Q4 and FY26

Escorts Kubota Limited published its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, on May 8, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 7, 2026. Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements in the Economic Times, Financial Express, Jansatta, and Mint on May 8, 2026.

Standalone Financial Performance

Escorts Kubota's standalone results reflect a notable improvement across key financial metrics for FY26 compared to FY25. The following table presents the extract of audited standalone financial results (₹ in Crores):

Particulars:	Q4 FY26 (Audited*)	Q3 FY26 (Unaudited)	Q4 FY25 (Audited*)	FY26 (Audited)	FY25 (Audited)
Total revenue from operations	2,950.65	3,261.35	2,430.30	11,472.78	10,186.96
Net Profit from continuing ops (before tax & exceptional items)	433.84	522.70	358.35	1,805.53	1,366.59
Net Profit from continuing ops before tax (after exceptional items)	433.84	470.24	331.27	1,829.06	1,339.51
Net Profit from continuing ops after tax (after exceptional items)	324.81	362.35	250.71	1,380.95	1,110.03
Net Profit from discontinued operations after tax	-	-	46.80	1,027.63	140.89
Total Net Profit (continuing and discontinued operations)	324.81	362.35	297.51	2,408.58	1,250.92
Total Comprehensive Income	329.72	364.68	297.01	2,415.07	1,249.27
Equity Share Capital (face value ₹10 each)	111.88	111.88	111.88	111.88	111.88
Other Equity	-	-	-	12,287.88	10,268.34
Basic EPS (₹)	29.52	32.93	27.05	218.93	113.77
Diluted EPS (₹)	29.52	32.93	27.04	218.87	113.70

Note: Figures for the quarter ended March 31, 2026 and March 31, 2025 are balancing figures between audited full-year figures and published year-to-date figures up to the third quarter.

Consolidated Financial Performance

On a consolidated basis, Escorts Kubota's performance for FY26 also demonstrated growth over the prior year. The following table presents the extract of audited consolidated financial results (₹ in Crores):

Particulars:	Q4 FY26 (Audited*)	Q3 FY26 (Unaudited)	Q4 FY25 (Audited*)	FY26 (Audited)	FY25 (Audited)
Total revenue from operations	2,968.16	3,280.49	2,444.88	11,540.26	10,243.88
Net Profit from continuing ops (before tax & exceptional items)	427.62	518.42	352.61	1,787.23	1,352.68
Net Profit from continuing ops before tax (after exceptional items)	427.62	465.96	350.94	1,810.76	1,351.01
Net Profit from continuing ops after tax (after exceptional items)	320.52	358.32	271.62	1,366.42	1,124.06
Net Profit from discontinued operations after tax	-	-	46.80	1,027.63	140.89
Total Net Profit (continuing and discontinued operations)	320.52	358.32	318.42	2,394.05	1,264.95
Total Comprehensive Income	325.41	360.68	318.22	2,400.96	1,263.60
Total Comprehensive Income (after non-controlling interest)	325.42	360.65	318.22	2,401.00	1,263.59
Equity Share Capital (face value ₹10 each)	111.88	111.88	111.88	111.88	111.88
Other Equity	-	-	-	12,260.95	10,254.92
Basic EPS (₹)	29.13	32.57	28.96	217.61	115.04
Diluted EPS (₹)	29.12	32.56	28.94	217.55	114.98

Note: Figures for the quarter ended March 31, 2026 and March 31, 2025 are balancing figures between audited full-year figures and published year-to-date figures up to the third quarter.

Regulatory Compliance and Disclosure

The financial results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the results is available on the stock exchange websites at www.bseindia.com and www.nseindia.com , as well as on the company's website at www.escortskubota.com . The results have been prepared as per Indian Accounting Standards (Ind AS). The newspaper advertisement was signed by Arvind Kumar, Company Secretary, on behalf of Escorts Kubota Limited, and the financial results extract was signed by Nikhil Nanda, Chairman and Managing Director, at Faridabad on May 7, 2026.

Company Details:

Registered Office: 15/5, Mathura Road, Faridabad - 121003, Haryana, India
Corporate Identification Number: L74899HR1944PLC039088
Website: www.escortskubota.com
Email: corp.secretarial@escortskubota.com

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.96%	-2.93%	+8.14%	-13.30%	-1.79%	+170.65%

Escorts Kubota has received a maintained Add rating from Kotak Securities, with the brokerage revising its target price upward to ₹3425 from ₹3375. The revised target reflects a cautiously optimistic outlook, acknowledging near-term challenges while recognising the company's strategic diversification efforts as a longer-term stabilising force.

Analyst Rating and Target Price

The following table summarises the key details of Kotak Securities' latest rating action on Escorts Kubota:

Parameter:	Details
Rating:	Add (Maintained)
Revised Target Price:	₹3425
Previous Target Price:	₹3375
Near-Term Performance:	Marginally below estimates

Near-Term Headwinds in the Tractor Segment

Kotak Securities noted that Escorts Kubota's near-term performance remained marginally below estimates. The brokerage also flagged expectations of a flat domestic tractor industry in FY27, indicating limited volume-driven upside in the core tractor business over the near term. This tempered outlook reflects broader sector-level pressures that the company is navigating in its primary business segment.

Recovery in Construction Equipment and Diversification Strategy

Despite the near-term challenges, Kotak Securities highlighted several factors expected to support Escorts Kubota's revenue base going forward. A gradual recovery in the construction equipment segment is anticipated from H2FY27, which could provide incremental momentum to overall performance. Additionally, the company's diversification into spares, engines, and agri-solutions is seen as a strategic initiative to strengthen and stabilise the revenue base over time.

Key areas of diversification noted by the brokerage include:

Spares — contributing to a more resilient aftermarket revenue stream
Engines — broadening the product portfolio beyond tractors
Agri-solutions — expanding the company's presence across the agricultural value chain

Summary

Kotak Securities' decision to maintain its Add rating while raising the target price on Escorts Kubota to ₹3425 from ₹3375 reflects a balanced assessment of near-term constraints and medium-to-long-term opportunities. While the domestic tractor industry is expected to remain flat in FY27 and recent performance came in marginally below estimates, the anticipated recovery in construction equipment from H2FY27 and ongoing diversification efforts are viewed as key pillars for revenue stability.