Escorts Kubota Ltd tractor volume grew by 27.8% in February 2023

Escorts Kubota Limited Agri Machinery business in February 2023 sold 7,811 tractors, registering a growth of 27.8 percent as against 6,114 tractors sold in February 2022.

Domestic tractor sales in February 2023 were at 7,245 tractors registering a growth of 27.4 percent as against 5,686 tractors sold in February 2022. Retail demand across geographies remained strong. Overall positive sentiment, with record rabi sowing, better crop prices, good level of water reservoirs, increased Union budget allocations to rural and Agri sector, we expect demand momentum to remain strong across geographies.

Export tractor sales in February 2023 was at 566 tractors registering a growth of 32.2 percent as against 428 tractors sold in February 2022.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 2068.20 as compared to the previous close of Rs. 1981.05. The total number of shares traded during the day was 22384 in over 2468 trades.

The stock hit an intraday high of Rs. 2122.05 and intraday low of 1950.20. The net turnover during the day was Rs. 45810425.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 CommercialVehicles SalesVolume AgriMachineryBusiness February2023