Escorts Kubota reports a 26% rise in adjusted quarterly profit, driven by strong tractor sales and increased revenue.
Escorts Kubota reported a rise in adjusted first-quarter profit on Monday, driven by
higher tractor sales.The company, majority-owned by Japanese tractor maker Kubota
, said net profit from continuing operations rose to
₹387 crores ($40.50 million) in the quarter ended June
30 from ₹373 crores a year ago.Profit from continuing operations before exceptional items
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Escorts Kubota reports a 19.1% increase in June tractor sales, driven by strong domestic demand and stable rural fundamentals.
