Faridabad, February 1, 2025 – Escorts Kubota Limited (NSE: ESCORTS | BSE: 500495) has announced its sales figures for January 2025, revealing a decline in domestic tractor sales while exports surged significantly.
Key Financial Highlights
Tractor Sales Performance
| Particulars | January 2025 | January 2024 | YoY Change | April-Jan FY25 | April-Jan FY24 | YoY Change |
|---|---|---|---|---|---|---|
| Domestic Sales | 6,058 | 6,782 | -10.7% | 91,820 | 92,153 | -0.4% |
| Export Sales | 611 | 368 | +66.0% | 3,770 | 4,646 | -18.9% |
| Total | 6,669 | 7,150 | -6.7% | 95,590 | 96,799 | -1.2% |
- Domestic tractor sales declined 10.7% YoY, with 6,058 units sold in January 2025, compared to 6,782 units in January 2024.
- Export tractor sales experienced strong growth of 66.0%, reaching 611 units in January 2025, up from 368 units in January 2024.
Construction Equipment Sales
| Particulars | January 2025 | January 2024 | YoY Change | April-Jan FY25 | April-Jan FY24 | YoY Change |
|---|---|---|---|---|---|---|
| Total Sales | 544 | 554 | -1.8% | 5,309 | 5,737 | -7.5% |
- Escorts Kubota's construction equipment sales saw a marginal decline of 1.8% YoY, with 544 units sold in January 2025 versus 554 units in January 2024.
- The company acknowledged a short-term impact due to price escalations from the BSV changeover but remains optimistic about medium- and long-term growth, driven by increased government infrastructure spending.
Strategic Updates
- Escorts Kubota Limited completed the amalgamation of Escorts Kubota India Private Limited and Kubota Agricultural Machinery India Private Limited into its operations. As a result, reported figures include sales from the merged entities.
- The company expects improved market conditions in the coming months, driven by government-led infrastructure projects, smart cities, railways, and irrigation initiatives.
Management Commentary
Bharat Madan, Whole-Time Director & CFO, stated:Outlook
While domestic tractor sales faced headwinds, export growth and upcoming seasonal demand offer positive indicators for Escorts Kubota. The Indian government's infrastructure push is expected to sustain long-term growth momentum for construction equipment.Investors and industry stakeholders will closely monitor Escorts Kubota's ability to capitalize on upcoming demand cycles and maintain its export growth trajectory.