Escorts

Escorts Kubota posts 6% YoY decline in Dec quarter profit to Rs 180 crore

Farm and construction equipment manufacturer Escorts Kubota Ltd on Wednesday posted a 6.7 per cent decline in consolidated net profit to Rs 180.8 crore in the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 193.71 crore in the same period last fiscal, Escorts Kubota Ltd said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 2,291.35 crore as against Rs 1,998.29 crore in the year-ago period, it added. Total expenses were higher at Rs 2,141.47 crore, up from Rs 1,756.7 crore in the corresponding quarter a year ago. During the quarter the company sold 28,025 units, up 10.7 per cent from 25,325 units in the year-ago period. The agri segment revenue rose 12.4 per cent at Rs 1,708 crore as compared to Rs 1,519.3 crore in the same period last fiscal. Construction equipment sales volume were at 1,209 machines, up 5 per cent as against 1,151 machines in the same period a year ago, with the

Ashok Leyland appoints Shenu Agarwal as new managing director, CEO

Shenu joins Ashok Leyland from Escorts Kubota Ltd, where he was president

Brokerages positive about Escorts Kubota's medium-term growth plans

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

Escorts Kubota rallies 6%; nears record high on strong growth outlook

The management has laid out a target revenue of Rs 22,700 crore by FY28 driven by amalgamation with Kubota JVs, ramp-up of vehicle/component exports, and continuing growth in domestic businesses

Escorts Kubota slips to a 9-mth low, down 27% from record high hit in April

The stock traded lower for the third straight day has fallen 9 per cent during this period; it aslo turned ex-dividend for Rs 7 per share on Thursday.

Escorts receives approvals to change its name to Escorts Kubota Ltd

The name change comes in the wake of Japan's Kubota Corporation increasing its stake in Escorts to 44.8% by subscribing to new equity shares and through

Stocks to Watch: HCL Tech, Nestle, Escorts, IndiGo, MRPL, Tata Steel, Nykaa

Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday

Rakesh Jhunjhunwala divests Escorts stake; stock declines nearly 4%

The ace investor held 5.68% in the company at the end of February. Escort's latest shareholding pattern doesn't have his name in the public investors' list

Escorts slips 8% in two days ahead of closure of open offer by Kubota

Till Friday, March 25, 2022, around 43.62 million equity shares had been tendered in the open offer, against 37.49 million shares proposed by Japan's Kubota Corporation

Street signs: Markets turn range-bound, block deal activity rises & more

The brokerage said the options data suggests that the Nifty has strong support around 17,000 and then 16,800, which can act as a stop-loss for those initiating long positions

Street signs: Arbitrage opportunity in Escorts, bonanza for Havells & more

The index closed at 16,245 on Friday, down 11 per cent over its 2022 peak of 18,308

Sensex falls 149 pts; SmallCap index sheds 2% amid tepid global cues

Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent

CCI approves acquisition of equity in Escorts by Kubota Corporation

The transaction involves Kubota's acquisition of certain additional equity shares of Escorts by way of preferential allotment

Vaishali Parekh of Prabhudas recommends buying Escorts, Tata Consumer

Tata Consumer seems to have bottomed out near Rs 700 level, and has gradually picked up momentum to improve the bias, says the technical analyst from Prabhudas Lilladher

New year cheer for indices! Sensex above 59K, up 929 pts; Nifty atop 17,600

The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5

Escorts' shareholders approve allotment of 94 lakh shares to Kubota

Shareholders of Escorts have approved the preferential allotment of 94 lakh shares to Japan's Kubota Corporation

Escorts reports 30% decline in November tractor sales at 7,116 units

Farm machinery and construction equipment major Escorts Ltd on Wednesday reported a 30% decline in total tractor sales at 7,116 units in November 2021.

Escorts announces open offer schedule; shares zoom 3%, hit new high

The stock hit a new high of Rs 1,874, and has appreciated 15% in the past six trading days

Stocks to Watch: Airtel, RIL, Siemens, Escorts, Radhe Dev, Indian Metals

Upside in Vedanta may be capped unless commodity prices rebound, say analyst

Street signs: Arbitrage opportunity in Escorts, IRCTC stock jumps & more

Kubota will soon launch an open offer in tractor manufacturer Escorts to acquire 26 per cent stake at Rs 2,000 per share