Escorts Kubota Q2 FY27: revenue up 16.2% to ₹3,243 Cr, net profit down 21.3% to ₹250 Cr

Results · Finvezto · 2 Nov 2026 · Escorts Kubota (ESCORTS)

Results Q2 FY27, ₹ Cr

Q2 FY27 results with change on the quarter and on the year
Q2 FY27	₹ Cr	QoQ	YoY
Revenue	3,243	+1.1%	+16.2%
Operating profit	288	-18.8%	-19.9%
Net profit	250	-35.2%	-21.3%
Operating margin	8.9%	-2.2 pp	-4.0 pp
Net margin	7.7%	-4.3 pp	-3.7 pp

For the quarter ended September 30, 2026, Escorts Kubota Limited reported standalone revenue of Rs 3,231.4 crore, up 16.3% year-on-year, while standalone EBIDTA fell 19.5% to Rs 292.4 crore and standalone net profit declined 20.6% to Rs 255.0 crore. NSE filing
Quarterly profitability was impacted by elevated commodity costs and product mix changes, while construction equipment volumes rose 53.9% to 1,764 units and tractor volumes rose 0.4% to 34,017 units. NSE filing
Standalone revenue from continuing operations grew 16.3% year-on-year to INR 3,231.4 crores in Q2 FY27, while EBITDA margin declined to 9.0% due to commodity inflation and higher manufacturing overheads. Earnings call
Domestic tractor volume grew marginally to 32,628 units, gaining 48 basis points of market share despite a 3% industry decline to 2.66 lakh units caused by monsoon disruption and a high base. Earnings call

Management on tractor industry fy27 outlook: So from a guidance perspective, we are looking at a very marginal degrowth in the financial year '27 industry, single-digit marginal degrowth.
Management on construction equipment industry growth: While the underlying fundamentals remain encouraging, we expect the pace of growth to moderate going forward, particularly considering the high base and the increased costs, leading to high-teen growth in FY27.
Operating margin over the last 4 quarters (Dec 25, Mar 26, Jun 26, Sep 26): 13.3%, 12.8%, 11.1%, 8.9%.
Net profit over the last 4 quarters (Dec 25, Mar 26, Jun 26, Sep 26), ₹ Cr: 358, 321, 386, 250.

Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.