Escorts Kubota Limited — Quarter and year ended March 31, 2026
Escorts Kubota Limited
Statement of standalone audited financial results for the quarter and year ended March 31, 2026
₹ in Crores
| Particulars | 3 Months ended 31-03-2026 Audited* | 3 Months ended 31-12-2025 Unaudited | Corresponding 3 months ended in previous year 31-03-2025 Audited* | For the year ended 31-03-2026 Audited | For the year ended 31-03-2025 Audited |
|---|---|---|---|---|---|
| Income | |||||
| Revenue from operations | 2,950.65 | 3,261.35 | 2,430.30 | 11,472.78 | 10,186.96 |
| Other income | 121.37 | 153.72 | 131.62 | 564.30 | 458.39 |
| Total income | 3,072.02 | 3,415.07 | 2,561.92 | 12,037.08 | 10,645.35 |
| Expenses | |||||
| Cost of materials consumed | 1,889.90 | 1,587.31 | 1,281.29 | 6,480.05 | 5,252.63 |
| Purchases of stock-in-trade | 443.42 | 434.93 | 299.17 | 1,594.51 | 1,778.75 |
| Changes in inventories of finished goods, stock-in-trade and work-in-progress | (297.50) | 294.61 | 105.56 | (80.33) | 184.86 |
| Employee benefits expense | 207.88 | 209.07 | 198.53 | 802.24 | 755.87 |
| Finance costs | 5.00 | 6.04 | 4.70 | 18.91 | 27.03 |
| Depreciation & amortisation expenses | 68.53 | 63.72 | 61.45 | 252.82 | 242.61 |
| Other expenses | 320.95 | 296.69 | 252.87 | 1,163.35 | 1,037.01 |
| Total expenses | 2,638.18 | 2,892.37 | 2,203.57 | 10,231.55 | 9,278.76 |
| Profit before exceptional items and tax | 433.84 | 522.70 | 358.35 | 1,805.53 | 1,366.59 |
| Exceptional items (refer note 3) | – | (52.46) | (27.08) | 23.53 | (27.08) |
| Profit before tax from continuing operations | 433.84 | 470.24 | 331.27 | 1,829.06 | 1,339.51 |
| Tax expense | |||||
| Current tax | 96.63 | 101.27 | 70.43 | 389.78 | 271.02 |
| Deferred tax | 12.40 | 6.62 | 10.13 | 58.33 | (41.54) |
| Total tax expense | 109.03 | 107.89 | 80.56 | 448.11 | 229.48 |
| Net profit for the period from continuing operations | 324.81 | 362.35 | 250.71 | 1,380.95 | 1,110.03 |
| Profit before tax from discontinued operations | – | – | 62.65 | 1,203.05 | 188.70 |
| Tax expense of discontinued operations | – | – | 15.85 | 175.42 | 47.81 |
| Net profit for the period from discontinued operations | – | – | 46.80 | 1,027.63 | 140.89 |
| Net profit for the period | 324.81 | 362.35 | 297.51 | 2,408.58 | 1,250.92 |
| Other comprehensive income/(loss) | |||||
| Items that will not be reclassified to profit or loss | |||||
| Sale/net changes in fair values of equity instruments carried at fair value through other comprehensive income | – | – | – | – | 0.14 |
| Re-measurements of defined employee benefit plans | 6.56 | 3.11 | (0.97) | 8.67 | (2.61) |
| Income tax relating to items that will not be reclassified to profit or loss | (1.65) | (0.78) | 0.47 | (2.18) | 0.82 |
| Total other comprehensive income/(loss) | 4.91 | 2.33 | (0.50) | 6.49 | (1.65) |
| Total comprehensive income | 329.72 | 364.68 | 297.01 | 2,415.07 | 1,249.27 |
| Earnings per equity share of ₹ 10 each: | |||||
| For continuing operations | |||||
| a) Basic (₹) | 29.52 | 32.93 | 22.79 | 125.52 | 100.96 |
| b) Diluted (₹) | 29.52 | 32.93 | 22.79 | 125.49 | 100.89 |
| For discontinued operations | |||||
| a) Basic (₹) | – | – | 4.26 | 93.41 | 12.81 |
| b) Diluted (₹) | – | – | 4.25 | 93.38 | 12.81 |
| For continuing and discontinued operations | |||||
| a) Basic (₹) | 29.52 | 32.93 | 27.05 | 218.93 | 113.77 |
| b) Diluted (₹) | 29.52 | 32.93 | 27.04 | 218.87 | 113.70 |
| Paid up equity share capital, face value of ₹ 10 each | 111.88 | 111.88 | 111.88 | 111.88 | 111.88 |
| Other equity | 12,287.88 | 10,268.34 |
Escorts Kubota Limited
Statement of standalone assets and liabilities
| Particulars | ₹ in Crores | ||
|---|---|---|---|
| Standalone | As at 31-03-2026 Audited | As at 31-03-2025 Audited | |
| ASSETS | |||
| 1 Non-current assets | |||
| a) Property, plant and equipment | 1,949.30 | 1,887.26 | |
| b) Capital work-in-progress | 160.94 | 123.17 | |
| c) Right-of-use assets | 119.05 | 91.09 | |
| d) Intangible assets | 66.33 | 63.70 | |
| e) Intangible assets under development | 38.64 | 29.33 | |
| f) Financial assets | |||
| (i) Investments | 2,314.43 | 3,348.56 | |
| (ii) Other financial assets | 757.12 | 217.95 | |
| g) Income tax assets (net) | 0.28 | 0.28 | |
| h) Other non-current assets | 360.27 | 259.69 | |
| Total non-current assets | 5,766.36 | 6,021.03 | |
| 2 Current assets | |||
| a) Inventories | 1,401.26 | 1,343.89 | |
| b) Financial assets | |||
| (i) Investments | 6,107.31 | 2,292.42 | |
| (ii) Trade receivables | 1,234.21 | 1,379.82 | |
| (iii) Cash and cash equivalents | 166.10 | 335.80 | |
| (iv) Bank balances other than (iii) above | 660.70 | 778.21 | |
| (v) Other financial assets | 32.07 | 21.61 | |
| c) Other current assets | 381.09 | 322.93 | |
| Total current assets | 9,982.74 | 6,474.68 | |
| 3 Assets held for sale | 17.54 | 601.05 | |
| Total assets | 15,766.64 | 13,096.76 | |
| EQUITY AND LIABILITIES | |||
| 1 Equity | |||
| a) Equity share capital | 111.88 | 111.88 | |
| b) Other equity | 12,287.88 | 10,268.34 | |
| Total equity | 12,399.76 | 10,380.22 | |
| 2 Non-current liabilities | |||
| a) Financial liabilities | |||
| (i) Lease liabilities | 75.66 | 67.55 | |
| (ii) Other financial liabilities | 39.54 | 34.65 | |
| b) Provisions | 88.38 | 76.46 | |
| c) Deferred tax liabilities (net) | 118.47 | 57.96 | |
| d) Other non-current liabilities | 11.64 | 10.63 | |
| Total non-current liabilities | 333.69 | 247.25 | |
| 3 Current liabilities | |||
| a) Financial liabilities | |||
| (i) Lease liabilities | 49.83 | 35.13 | |
| (ii) Trade payables | |||
| (a) Total outstanding dues of micro enterprises and small enterprises | 95.71 | 95.86 | |
| (b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 2,079.10 | 1,530.41 | |
| (iii) Other financial liabilities | 413.75 | 357.19 | |
| b) Other current liabilities | 214.73 | 185.18 | |
| c) Provisions | 148.88 | 129.87 | |
| d) Current tax liabilities (net) | 31.19 | 28.52 | |
| Total current liabilities | 3,033.19 | 2,362.16 | |
| 4 Liabilities held for sale in respect of discontinued operations | 107.13 | ||
| Total equity and liabilities | 15,766.64 | 13,096.76 |
Escorts Kubota Limited
Statement of standalone cash flows
| Particulars | ₹ in Crores | For the year ended 31-03-2026 Audited | For the year ended 31-03-2025 Audited |
|---|---|---|---|
| A Cash flows from operating activities | |||
| Profit before tax from continuing and discontinued operations (after exceptional items) | 3,032.11 | 1,528.21 | |
| Adjustments for: | |||
| Depreciation and amortisation expense | 252.82 | 248.83 | |
| Provisions recognised (net of provisions written back) | 23.72 | 38.76 | |
| Impairment of investment in subsidiary & joint venture | – | 27.08 | |
| Finance costs (other than finance and bank charges) | 14.23 | 25.50 | |
| Interest income | (355.80) | (209.05) | |
| Loss/ (gain) on disposal of property, plant and equipment (net) | 0.79 | (1.95) | |
| Gain on sale of assets held for sale (including discontinued operations) | (1,247.95) | – | |
| Gain on fair valuation and sale of investments carried at fair value through profit or loss (net) | (203.55) | (239.90) | |
| Provision for wage code impact | 52.46 | – | |
| Net unrealised foreign exchange loss/ (gain) | 20.15 | (1.96) | |
| Operating profit before working capital changes | 1,588.98 | 1,415.52 | |
| Movement in working capital | |||
| Inventories | (84.44) | 162.51 | |
| Trade receivables | 207.28 | (179.00) | |
| Other financial assets | (11.55) | 3.81 | |
| Other assets | (171.23) | 18.81 | |
| Trade payables | 488.00 | 81.19 | |
| Other financial liabilities | 47.25 | 63.97 | |
| Other liabilities and provisions | 16.26 | (1.37) | |
| Cash generated from operating activities post working capital changes | 2,080.55 | 1,565.44 | |
| Income tax paid (net) | (565.40) | (358.31) | |
| Net cash generated from operating activities (A) | 1,515.15 | 1,207.13 | |
| B Cash flows from investing activities | |||
| Purchase of property, plant and equipment (including capital advances) | (278.91) | (223.09) | |
| Proceeds from sale of property, plant and equipment | 4.77 | 9.48 | |
| Purchase of intangible assets | (36.88) | (23.81) | |
| Proceeds from sale of assets held for sale (including discontinued operations) | 1,711.69 | – | |
| Investment in subsidiary | (70.00) | (40.00) | |
| Purchase of non – current investments (net) | (503.05) | (227.47) | |
| (Purchase)/ Sale of current investments (net) | (1,805.41) | 25.13 | |
| Bank deposits (net) | (396.85) | (11.86) | |
| Margin / bank deposits | (0.19) | (23.91) | |
| Interest received | 140.74 | 112.18 | |
| Net cash used in investing activities (B) | (1,234.09) | (403.35) | |
| C Cash flows from financing activities | |||
| Proceeds from shares (ESOPs) issued | 3.41 | 24.66 | |
| Repayment of long term borrowings | – | (125.56) | |
| Repayment of short term borrowings (net) | – | (237.80) | |
| Repayment of lease liabilities | (45.13) | (30.42) | |
| Interest paid | (14.23) | (25.50) | |
| Dividend paid | (396.07) | (305.46) | |
| Net cash used in financing activities (C) | (452.02) | (700.08) | |
| (Decrease)/ increase in cash and cash equivalents (A+B+C) | (170.96) | 103.70 | |
| Cash and cash equivalents at the beginning of the year | 337.06 | 233.36 | |
| Cash and cash equivalents at the end of the year*** | 166.10 | 337.06 |
Escorts Kubota Limited
Segment wise revenue, results and capital employed for the quarter and year ended March 31, 2026
₹ in Crores
| Sl. No. | Particulars | 3 Months ended 31-03-2026 (Audited*) | Preceding 3 months ended 31-12-2025 (Unaudited) | Corresponding 3 months ended in the previous year 31-03-2025 (Audited*) | For the year ended 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Segment revenue: | |||||
| a) Agri machinery products | 2,395.74 | 2,769.56 | 1,974.78 | 9,779.64 | 8,447.23 | |
| b) Construction equipments | 556.45 | 489.89 | 453.88 | 1,685.92 | 1,730.09 | |
| c) Unallocated | (1.54) | 1.90 | 1.64 | 7.22 | 9.64 | |
| Total | 2,950.65 | 3,261.35 | 2,430.30 | 11,472.78 | 10,186.96 | |
| Less: Inter segment revenue | – | – | – | – | – | |
| Net segment revenue from continuing operations | 2,950.65 |