Escorts Kubota’s net profit for the fourth quarter declined 13.9% quarter-on-quarter to ₹250.7 crore, compared to ₹323 crore in the previous December quarter. However, the figure was higher than CNBC-TV18 poll expectations of ₹214 crore.
Revenue for the quarter declined by 17% on a sequential basis to ₹2,430 crore, which is marginally lower than the CNBC-TV18 estimate of ₹2,442 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter fell 12.78% on a QoQ basis to ₹292 crore. The number was higher than the CNBC-TV18 poll of ₹258 crore.
EBITDA margin for the quarter expanded by 60 basis points from last quarter to 12%, higher than the poll projection of 10.6%.
The board of Escorts Kubota recommended a final dividend of ₹18 (180%) per share of ₹10 each face value for the financial year 2024-25. The total dividend, including the interim dividend for the financial year, would be ₹28.
Record date for the said dividend will be fixed later, the company said in an exchange filing.
This will be subject to the approval of shareholders at the ensuing Annual General Meeting. The final dividend, if declared, will be paid to all the eligible shareholders as on the record date.
Following the Q4 earnings announcement, shares of Escorts Kubota Ltd. are trading 0.022% lower at ₹3,203.30. The stock is down 3% so far in 2025.
