Escorts Kubota Ltd. (EKL) reported a consolidated net profit of ₹321.2 crore for Q2 FY26, a 6% increase over the corresponding quarter last year. The company recorded revenue of ₹2,777.4 crore, up from ₹2,264.9 crore in Q2 FY25, reflecting growth in its agri machinery segment.
Revenue increased 11.8% sequentially from ₹2,483.4 crore in Q1 FY26. EBITDA increased 56% to ₹363.2 crore, while margins expanded 280 basis points to 13.1%. Profit before tax increased 55.2% to ₹431.1 crore.
Revenue from continuing operations for the first half of FY26 was ₹5,260.8 crore, up 9.1% year-on-year. EBITDA increased 25.2% to ₹688.2 crore, while profit before tax stood at ₹849 crore, up 35.2%. Inclusive of discontinued operations subsequent to the divestment of its railway business, H1 FY26 net profit rose to ₹1,721.4 crore from ₹630.2 crore in H1 FY25.
Tractor and Agri Machinery Performance
Sales of tractors, the key constituent of the agri machinery segment, surged 30.3% year-on-year to 33,877 units in Q2 FY26. Segment revenue increased by 29.1% to ₹2,432.9 crore. The EBIT margins for the segment improved to 12.8% from 9.1% in Q2 FY25.
The construction equipment segment reported less activity. Sales declined to 1,146 units from 1,394 units a year ago. Revenue fell to ₹338.1 crore, while EBIT margins declined to 3.8% from 9.3%.
Bharat Madan, Whole-Time Director and Group CFO at EKL, highlighted that the company remains focused on strengthening core operations and improving operational efficiency.
Analysts said growth in tractor demand from the rural markets contributed to the increase in agri machinery revenues. Overall, the numbers point to a continuing expansion in the segment, though sales of construction equipment are still subdued.
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