India's Escorts Kubota hits over 3-year low on profit drop
02/11/2026 09:19
BUZZ-India's Escorts Kubota hits over 3-year low on profit drop ** Shares of Escorts Kubota ESCO.NS fall as much as 6.4% to 2,411.80 rupees, their lowest level since late July 2023
** Tractor and construction equipment maker's Q2 consol net profit drops over 21% y/y; revenue up around 16%, while expenses swell more than 21%
** "Profitability during the quarter was impacted by elevated commodity costs and changes in product mix," the company says
** Expects margins to improve gradually from Q4 and return closer to normal levels in FY28
** Stock down 34% so far this year
(Reporting by Nishit Navin in Bengaluru)
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