FARIDABAD, April 1, 2025 – Escorts Kubota Limited (NSE: ESCORTS, BSE: 500495)
Escorts Kubota Limited reported strong growth in its Agri Machinery segment for March 2025, driven by robust domestic demand and favorable rural market sentiments, while its Construction Equipment segment faced short-term headwinds.
Tractor Sales Surge on Festive Demand
In March 2025, the Agri Machinery Business Division sold 11,374 tractors, registering a
15.0% YoY growth compared to 9,888 units in March 2024.
- Domestic Sales stood at 10,775 units, rising 15.2% YoY (March 2024: 9,355 units).
- Exports clocked in at 599 units, up 12.4% YoY (March 2024: 533 units).
The uptick was attributed to the onset of the Chaitra Navratri festival, positive Rabi sowing momentum, improved reservoir levels, and an optimistic forecast for the South-West monsoon.
Quarterly & Annual Tractor Sales Performance
| Particulars | March FY25 | March FY24 | YoY % | Q4 FY25 | Q4 FY24 | YoY % | FY25 | FY24 | YoY % |
|---|
| Domestic | 10,775 | 9,355 | 15.2% | 24,801 | 23,406 | 6.0% | 1,10,563 | 1,08,777 | 1.6% |
| Export | 599 | 533 | 12.4% | 1,832 | 1,341 | 36.6% | 4,991 | 5,619 | -11.2% |
| Total Tractors | 11,374 | 9,888 | 15.0% | 26,633 | 24,747 | 7.6% | 1,15,554 | 1,14,396 | 1.0% |
Construction Equipment Sales Decline
Escorts Kubota's Construction Equipment Business Division sold
614 machines in March 2025, a
16.3% YoY declinecompared to 734 units sold in March 2024.
- Q4 FY25 sales dropped 12.2% YoY to 1,719 units.
- FY25 full-year sales stood at 6,484 units, down 9.2% YoY from 7,141 in FY24.
The decline was attributed to disruptions from the transition to new emission norms, impacting costs and customer demand.
| Particulars | March FY25 | March FY24 | YoY % | Q4 FY25 | Q4 FY24 | YoY % | FY25 | FY24 | YoY % |
|---|
| Total Equipment Sold | 614 | 734 | -16.3% | 1,719 | 1,958 | -12.2% | 6,484 | 7,141 | -9.2% |
Management Commentary
Bharat Madan, Whole Time Director & CFO, noted:
“We are witnessing strong demand in our tractor business due to favorable agri trends and seasonal factors. While the construction segment faces near-term headwinds, the government's infrastructure push is expected to support medium- to long-term growth.”
Strategic Outlook
The outlook for the agri machinery business remains positive, buoyed by:
- Forecast of a normal monsoon in 2025
- Higher Rabi output
- Healthy rural liquidity and stable reservoir levels
The construction segment is expected to recover from current challenges as regulatory and cost adjustments normalize, supported by public infrastructure initiatives.
Note: Reported figures include the amalgamated volumes of Escorts Kubota India Pvt Ltd and Kubota Agricultural Machinery India Pvt Ltd, following the NCLT-approved merger effective September 1, 2024.