Escorts Kubota Limited Sold 10,861 tractors in September 2023

Escorts Kubota Limited Agri Machinery Business Division in September 2023 sold 10,861 tractors as against 12,232 tractors sold in September 2022.

Domestic tractor sales in September 2023 were at 10,114 tractors as against 11,384 tractors sold in September 2022. Postponement of the main festive season this time to Q-3 impacted sales for the month. Going forward, with improved rainfall in September, likely good kharif harvest and with overall macroeconomic factors and farmers' sentiments remaining positive, we expect growth momentum to pick up in the festive months of October & November and possibly continue for the remaining part of the current fiscal.

Export tractor sales in September 2023 were at 747 as against 848 tractors sold in September 2022.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 3184.00 as compared to the previous close of Rs. 3213.85. The total number of shares traded during the day was 6777 in over 933 trades.

The stock hit an intraday high of Rs. 3232.15 and intraday low of 3176.50. The net turnover during the day was Rs. 21683378.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 CommercialVehicles Tractors AgriMachinery SalesVolume September2023