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Escorts Kubota Ltd Q2 FY27 results are out (Jul–Sep 2026) →Revenue ₹3,243 CrSee revenue, profit and what management said. You are viewing Q2 FY26.
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Escorts Kubota Ltd

Q2 FY26Agricultural, Commercial & Construction Vehicles

Escorts Kubota Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Revenue
₹2,792Cr
+22.6% YoY
Net profit
₹318Cr
−1.9% YoY
Margin
13%
+3 pp YoY
Price₹3,087
Market cap₹34.6K Cr
P/E24.3

The short version

Export growth is expected to significantly boost once the greenfield plant goes live around FY '28-'29, especially with exports to the U.S. Escorts Kubota Limited expects substantial growth post FY '28-'29 when the greenfield plant becomes operational, boosting exports, especially to the U.S.

From Escorts Kubota Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Export growth is expected to significantly boost once the greenfield plant goes live around FY '28-'29, especially with exports to the U.S. starting then.
  • Existing capacity is 170,000 tractors, expandable to 200,000; greenfield Phase 1 will add 100,000 capacity, potentially followed by another similar addition, nearly doubling capacity.
  • In the short term, export growth is driven by Europe and new markets like Mexico, with expected 25%+ growth this fiscal year.
  • Domestic tractor industry is growing at a double-digit rate, fueled by GST reduction and a shift towards higher horsepower tractors (50-55 HP).
  • Non-tractor agri solutions and harvester demand are growing strongly, supporting diversified revenue streams.

2 more points from Escorts Kubota Ltd's call on revenue

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Profitability & Margins

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

Capital Expenditure Plans

  • Current year normal capex guidance is INR 350-400 crores, with spend on track as of the first 6 months.
  • Normal capex expected to continue in the range of INR 300-400 crores annually.
  • Additional capex planned for greenfield project, which will be over and above normal capex.
  • Greenfield Phase 1 to set up 100,000 tractor capacity; Phase 2 may add similar capacity, potentially doubling total capacity.
  • Land acquisition for greenfield is near completion; full transfer expected within the fiscal year.
  • Greenfield plant expected to be operational by FY '28-'29, boosting exports, especially to the U.S. market.

2 more points from Escorts Kubota Ltd's call on capex

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Top-ranked in Agricultural, Commercial & Construction Vehicles

Ranked on what management guided this quarter

Guidance-ranked
1BEML Ltd
Rev 2Mar 3
2Indo Farm Equipment
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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

Order Book & Pipeline

Some relevant points related to demand and production are: - Strong demand for harvesters with record sales and zero inventory in recent months, indicating high order fulfillment. - Export orders expected to get a major boost post-FY '28, '29 when the greenfield plant goes live. - Domestic tractor demand showing double-digit growth, with increased penetration in southern and western India.

2 more points from Escorts Kubota Ltd's call on order book

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Escorts Kubota Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Escorts Kubota Ltd Q2 FY26 results — key figures

Escorts Kubota Ltd Q2 FY26 reported results vs Q2 FY25, ₹ crore
₹ CrQ2 FY26Q2 FY25YoYQ1 FY26QoQ
Revenue2,7922,277+22.6%2,500+11.7%
Operating profit (EBITDA)360230+56.5%321+12.1%
Operating margin13%10%+3 pp13%0 pp
Profit before tax427299+42.8%1,518-71.9%
Net profit (PAT)318324-1.9%1,397-77.2%
EPS (₹)28.4428.98-1.9%124.88-77.2%

Source: reported quarterly figures (Screener), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹3.2K Cr, net profit ₹250 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Escorts Kubota's management said in earlier quarters

Earlier calls (8)

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Frequently Asked Questions

What were Escorts Kubota Ltd Q2 FY26 results?

Export growth is expected to significantly boost once the greenfield plant goes live around FY '28-'29, especially with exports to the U.S. Escorts Kubota Limited expects substantial growth post FY '28-'29 when the greenfield plant becomes operational, boosting exports, especially to the U.S.

What is Escorts Kubota Ltd share price analysis?

Escorts Kubota Ltd currently shows a neutral. The stock trades at a P/E of 24.3 with a market cap of ₹34,561 Cr. Investors should review the full earnings analysis for detailed insights.

Is Escorts Kubota Ltd planning capital expenditure?

Current year normal capex guidance is INR 350-400 crores, with spend on track as of the first 6 months. - Normal capex expected to continue in the range of INR 300-400 crores annually. - Additional capex planned for greenfield project, which will be over and above normal capex. - Greenfield Phase 1 to set up 100,000 tractor capacity; Phase 2 may add similar capacity, potentially doubling total capacity. - Land acquisition for greenfield is near completion; full transfer expected within the fiscal year. - Greenfield plant expected to be operational by FY '28-'29, boosting exports, especially to the U.S.

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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.