ESCORTS · Capital Goods
Escorts Kubota Ltd. reported revenue of ₹3,179 cr for April to June 2026, — on the year and — on the quarter.
Operating profit (EBITDA) was ₹355 cr, a margin of 11.2%, — on the year and — on the quarter.
Net profit was ₹387 cr, — on the year and — on the quarter, with earnings per share of ₹35.20.
A vehicle maker's revenue is volumes times average price, and its margin moves with steel, aluminium and rubber costs and with the share of exports and premium models. The quarterly statements do not carry volumes, realisation per vehicle and the export share; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
Other income was 42% of profit before tax.
Source: Results filing
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Metric | Q1 FY27 | Q2 FY26 |
|---|---|---|
| Volumes (units) | 38,206 | 35,023 |
| Market share | — | 11.8% |
| Export share | — | 4.57% |
Read using the Automobiles and components framework (named in the filing read). Primary valuation lens: P/E through the cycle.
Read more closely in this sector: Dealer inventory days · Raw material cost against realisation.
| Q2 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|
| Revenue | ₹2,777 cr | ₹3,179 cr | ₹3,231 cr |
| YoY | — | — | +16% |
| EBITDA margin | 13.1% | 11.2% | 9.1% |
| Other income, % of PBT | 31% | 42% | 36% |
| Exceptional items | — | — | — |
| Tax rate | 26% | 22% | 26% |
| Net profit | ₹321 cr | ₹387 cr | ₹255 cr |
| YoY | — | — | −21% |
| Core profit YoY | — | — | −26% |
| EPS | ₹29.19 | ₹35.20 | ₹23.18 |
| Flags | 1 | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Escorts Kubota Ltd. reported revenue of ₹3,179 cr (— on the year) and net profit of ₹387 cr (— on the year) for April to June 2026.
1 check raised a question: Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
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