Escorts Tractor Sales

Auto index trades with a sluggish bias, may lose grip if falls below its 200-DMA

Indian tractor maker Escorts Kubota Ltd reported a 7.5% fall in quarterly profit on Wednesday, as margins were pressured from persistently high raw material costs

Near-term worries for the stock include volume uncertainty, premium valuations

Farm equipment manufacturer Escorts Kubota on Thursday reported 7 per cent rise in tractor sales at 6,111 units for August 2022. The company sold 5,693 tractors in the year-ago same period. Domestic tractor sales stood at 5,308 units as against 4,920 units in August last year, up 8 per cent, the company said in a regulatory filing. Exports increased 4 per cent to 803 units from 773 tractors sold in August last year.

The company, which has started exporting electric tractors to markets like the US and Europe, expects it to contribute up to 15 per cent of its overall overseas shipments in the next five to six years

Picks up 5.9% more for Rs 1,873 crore

Expansion of product portfolio, sourcing base and export opportunity to drive growth

Escorts Ltd is confident of clocking a double-digit growth in tractor sales in 2021-22, having registered good volume in the first quarter, according to a senior company official.

Escorts Agri Machinery said the tractor demand is expected to continue to be strong on back of positive macroeconomic factors and strong rural cash flows

Farm equipment manufacturer Escorts Agri Machinery on Monday reported a 48.8 per cent jump in tractor sales at 9,021 units in January 2021

Sustained tractor demand, market share recovery and pick up in exports key tailwinds

Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions

Farm equipment manufacturer Escorts Agri Machinery on Friday reported an 88 per cent jump in tractor sales at 7,733 units in December 2020

Bajaj Auto and Heidelberg Cement are showing a firm positive sentiment

Escorts said the market sentiment continues to be highly positive with good monsoons, better Kharif sowing, crop prices holding up well and good supply of retail finance

The company's management remains optimistic for the coming festive months

Gains in market share, margins, and new launches are already priced in

The company isThe company is banking on pent up demand to reflect in June-October period banking on pent up demand to reflect in June-October period

During first eight months of the financial year 2019-20 (FY20), Escorts had reported 7.3 per cent year-on-year (YoY) decline in total tractor sales at 59,324 units.

Growth and margin profile are expected to be strong in FY19 on rising rural demand, product mix and cost efficiencies