Escorts Kubota Q1FY24 Results: Consolidated PAT Rises to Rs. 289.90 Cr

Escorts Kubota Q1FY24 Results: Consolidated PAT Rises to Rs. 289.90 Cr

Escorts Kubota Q1 results show revenue up from 2290.16 crores to 2449.52 crores, a 6.96% increase in growth. EPS rise from ₹19.96 to ₹26.73, up by 33.92%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Escorts Kubota shared its Q1 results on Tuesday. They earned 2449.52 crores in revenue this quarter, but that’s more than the 2290.16 crores they made last quarter. The company’s growth increased by 6.96 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 289.90 crores, up from 216.49 crores in the previous quarter. Their quarter-to-quarter growth increased by 33.91 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹26.73, which is an increase of 33.92% from the ₹19.96 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2449.52 crores this year (2023), which is 18.47 percent higher than last year’s total revenue of 2067.58 crores.

This year’s PAT (Profit After Tax) is 289.90 crores, which is also 106.13% higher than last year’s PAT of 140.64 crores.

The EPS (Earnings Per Share) for this year is ₹26.73, which is 105.77% more than the EPS of ₹12.99 earned last year.

Also Read: Triveni Turbine Q1FY24 Results: Consolidated PAT of Rs. 60.75 Cr

Escorts Kubota Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Escorts Kubota:

Escorts Kubota Limited, previously known as Escorts Limited, is an Indian multinational conglomerate with operations in agricultural machinery, construction machinery, material handling, and railway equipment sectors. The company’s headquarters are situated in Faridabad, Haryana.

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