Escorts Kubota Limited sold 7,565 tractors in April 2023

Escorts Kubota Limited Agri Machinery business in April 2023 sold 7,565 tractors as against 8,325 tractors sold in April 2022.

Domestic tractor sales in April 2023 were at 7,252 tractors as against 7,676 tractors sold in April 2022. Festive preponement impacted sales in the month of April. Due to pre-ponement of key festive season this time to March’23 as against April last year, combined with unseasonal rains impacted sales for the month. Going forward, due to positive macro-economic factors on account of good rabi harvest, improved crop prices and adequate water reservoir levels, we expect demand momentum to improve across geographies, for the quarter.

Export tractor sales in April 2023 were at 313 as against 649 tractors sold in April 2022.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 1981.35 as compared to the previous close of Rs. 1939.05. The total number of shares traded during the day was 12479 in over 1377 trades.

The stock hit an intraday high of Rs. 1989.00 and intraday low of 1944.95. The net turnover during the day was Rs. 24614069.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 AgriMachinery Tractors SalesVolume April2023