Escorts Kubota said that its Agri Machinery Segment had sold 5,360 tractors in July 2022, which is lower by 18.3% as compared 6,564 tractors sold in July 2021.
While domestic tractor sales declined by 22.3% to 4,704 in July 2022, tractor exports increased by 28.9% to 656 units in July 2022 over July 2021.
The Escorts Group is an Indian engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment.
Escorts Kubota reported 28.1% fall in consolidated net profit to Rs 190.92 crore on a 15.7% decline in revenue from operations to Rs 1,878.51 crore in Q4 FY22 over Q4 FY21.
The scrip shed 0.83% to currently trade at Rs 1721.15 on the BSE.
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