Escorts Kubota

Q1 FY27Agricultural, Commercial & Construction Vehicles

Escorts Kubota Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹2,797

Market cap₹31.3K Cr

P/E22.0

Updated24 Sept 2026

Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth

MarginMargins steady

CapexCapex planned

FundraiseFundraise planned

The short version

FY '27 tractor export volumes expected to be flat; growth anticipated in FY '28 driven by North American market opening. Escorts Kubota expects mid-single-digit volume growth for the tractor industry in FY '27 with Escorts aiming for higher growth due to market share gains.

From Escorts Kubota's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Moderate growth

FY '27 tractor export volumes expected to be flat; growth anticipated in FY '28 driven by North American market opening.
Construction Equipment (CE) industry projected to grow 12%-15% overall in FY '27, with strong growth in Mini Excavators and Cranes.
Escorts Kubota gained market share in the South, with ongoing product launches (Shaurya, Digitrac series, 4x4 models) supporting growth and share gains.
Component exports expected to double over two years from a base of ~INR160-170 crores, with growth starting in H2 FY '27 and good growth predicted in FY '28.
Captive financing to expand pan-India by FY '28, covering all dealers; 40%-50% coverage by FY '27, expected to boost volumes by 20%-25%.

2 more points management made on revenue & sales performance

Profitability & Margins

Escorts Kubota expects mid-single-digit volume growth for the tractor industry in FY '27 with Escorts aiming for higher growth due to market share gains.
For FY '27, exports are expected to be flat overall, with growth anticipated in FY '28 driven by opening North American markets.
Capex for FY '27 is around INR 850-900 crores including greenfield projects; FY '28 capex depends on greenfield pace but normal capex of INR 350-400 crores is expected.
Earnings and profits are expected to grow driven by volume growth, new product launches, and market share gains.

2 more points management made on profitability & margins

See what Escorts Kubota said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

FY '27 capex guidance is about INR 850 - 900 crores, comprising:
INR 450 - 500 crores for a greenfield project, mainly for land acquisition and development (land already allotted and payment done).
INR 350 - 400 crores for normal capex.
Groundbreaking for the greenfield project is expected in August 2026.
FY '28 capex depends on the greenfield construction plan; it may increase if construction is expedited.
Total greenfield capex is projected at around INR 2,000 crores.
Normal annual capex likely to remain INR 350 - 400 crores.

2 more points management made on capital expenditure plans

Top-ranked in Agricultural, Commercial & Construction Vehicles

Ranked on what management guided this quarter

5x potential

1TIL₹2.1K Cr

Rev 2Mar 1

2BEML Ltd₹16.3K Cr

Rev 2Mar 3

3₹634 Cr

Rev 2Mar 3

4₹1.5L Cr

Rev 3Mar 3

5₹14.4K Cr

Rev 4Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No explicit mention of current or future fundraising through debt or equity in the provided transcript.
The company is undertaking significant capex of about INR 850-900 crores in FY '27, including INR 450-500 crores for greenfield land acquisition and INR 350-400 crores for regular capex.
For FY '28, capex depends on the greenfield project pace and may increase if construction is expedited, but normal capex is expected around INR 350-400 crores.
The company has a large cash surplus of approximately INR 10,000 crores, exceeding capex needs, reducing immediate necessity for raising funds.

2 more points management made on fundraising & capital structure

See what Escorts Kubota said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention current or expected orderbook/pending orders in specific terms. However, related insights include: - The company expects a positive demand outlook supported by favorable monsoon and festive season demand. - Increased dealer stock buildup anticipated ahead of the October season. - Export volumes are expected to be flat in FY '27 but show good growth in FY '28, particularly with North American market openings. - Construction Equipment business shows strong growth with volumes up 27.4% YoY.

2 more points management made on order book & pipeline

Escorts Kubota — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.0K Cr, net profit ₹321 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Escorts Kubota's management said in earlier quarters

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Frequently Asked Questions

What were Escorts Kubota Q1 FY27 results?

What is Escorts Kubota share price analysis?

Escorts Kubota currently shows a below-average growth signal. The stock trades at a P/E of 22.0 with a market cap of ₹31,306 Cr. Investors should review the full earnings analysis for detailed insights.

Is Escorts Kubota planning capital expenditure?

FY '27 capex guidance is about INR 850 - 900 crores, comprising: - INR 450 - 500 crores for a greenfield project, mainly for land acquisition and development (land already allotted and payment done).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.