Escorts Kubota Ltd

Based on the information from the transcript on page 13 of the document: - There is no specific mention of any current or future new fundraising through debt or equity. - CAPEX outlook for the fiscal year is around Rs. 350-400 crores (organic), excluding investments related to land acquisition for the Greenfield plant. - There is ongoing land acquisition for the UP plant, but no details on raising funds specifically for this. - Overall, the company appears to be funding expansion and Capex through internal accruals and existing resources, including proceeds from divestments. No explicit plans for new debt or equity fundraising were indicated in the Q&A or management commentary.

- The organic CAPEX outlook for the fiscal year is in the range of Rs. 350-400 crores. - This excludes additional investments related to land acquisition for the Greenfield plant. - The company is awaiting completion of land acquisition by the UP government to start the Greenfield facility construction, expected to begin next fiscal year. - Land acquisition for the UP plant has been delayed by approximately six months due to government and farmer-related issues. - Once land acquisition is completed within the current fiscal year, soil, water, and environmental testing will commence before construction. - The Greenfield plant is part of strategic capacity expansion plans and production base development for Kubota products in India.

- Export volumes expected to grow 25%-30% YoY in FY26, stabilizing at 500-600 tractors per month (Page 6, 15). - Mid-term target to increase export revenue to about 15% of total revenue within 4-5 years from current 5-6% (Pages 8, 17). - Domestic tractor industry expected to grow mid to high single digits for the full year FY26 (Page 8). - Volumes expected to grow in line with or marginally outgrow the industry in FY26 as per regional performance (Page 17). - Farmtrac market share is gradually increasing with new launches (Pages 7, 11). - Introduction of new models (Kubota MU series, Powertrac Wetland series) expected to drive market share growth, with full impact visible next fiscal year (Page 4, 7). - Construction equipment demand expected to improve in H2 FY26 following monsoon, with market recovery and infrastructure boost (Pages 5, 6). - Ramp-up of component export business expected (from Rs.100-150 crore to Rs.250 crore this year) (Page 15).

- Escorts Kubota Limited expects modest volume growth in FY26, aiming to grow in line with or marginally outgrow the industry, particularly in the second half. - Tractor business targets mid to high single-digit industry growth for FY26, supported by new product launches enhancing market share. - EBIT margin guidance for the overall tractor business remains around 12%-12.5% for full year FY26 despite metal price headwinds. - Construction equipment margins are expected to recover in H2 FY26, returning to levels similar to the previous year. - Export revenue target aims to increase from current 5-6% to around 15% of total revenue over the next 4-5 years, driven by product exports, components, and services. - CAPEX planned at Rs.350-400 crores (organic) plus land acquisition for Greenfield plant, supporting future growth. - EPS for Q1 FY26 stood at Rs.127.29 vs. Rs.27.63 YoY, reflecting stronger profitability with scope to sustain growth driven by product launches and exports.

- No specific details about the current or expected order book or pending orders were mentioned on page 17 or adjacent related pages of the transcript. - However, regarding exports and order inflows: - Exports to Kubota network constituted 52% of total exports in the recent quarter; the rest went to other markets. - Export volumes are stabilizing around 500-600 tractors per month with expectations of 25%-30% growth over last year. - Order inflows from various countries vary depending on the Kubota network presence. - The company expects volume growth for FY26 to be in line with or marginally better than the industry, aiming to end the fiscal year with higher volumes compared to the previous year. - No explicit numerical figures or backlog order book were disclosed in this section.