Escorts Kubota Ltd tractor volume grew by 2.3 percent in March 2023, MoM Volume up by 31.9 percent

Escorts Kubota Limited Agri Machinery business in March 2023 sold 10,305 tractors, registering a growth of 2.3 percent as against 10,074 tractors sold in March 2022.

Domestic tractor sales in March 2023 were at 9,601 tractors registering a growth of 1.2 percent as against 9,483 tractors sold in March 2022. Despite the festive season in March, retail sales were impacted due to unseasonal rainfall and crop damage in certain regions. However, with continued support from the government, better crop prices, improved finance availability and good water reservoir levels, we expect similar demand momentum to continue across geographies in the coming quarter.

Export tractor sales in March 2023 was at 704 tractors registering a growth of 19.1 percent as against 591 tractors sold in March 2022.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 1891.90 as compared to the previous close of Rs. 1875.70. The total number of shares traded during the day was 9902 in over 1373 trades.

The stock hit an intraday high of Rs. 1914.00 and intraday low of 1882.20. The net turnover during the day was Rs. 18791884.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 CommercialVehicles SalesVolume March2023 AgriMachinery Tractors