Business Update9 May 2024, 10:56 pm
Escorts Kubota Ltd Reports Highest Ever Standalone Net Profit of ₹1,037.2 Crore, Up 70.9% YoY
AI Summary
Escorts Kubota Ltd has reported its highest ever Standalone Net profit after tax at ₹1,037.2 Crore, a 70.9% Year-on-Year (YoY) increase. Revenue from operations increased by 5.2% YoY to ₹8,776.7 Crore. EBIDTA had a significant gain, up by 49.8% YoY at ₹1,168.8 Crore due to softening in commodity prices, better realizations, operating leverage benefit, and cost control measures. The board recommends a final dividend of 180% at ₹18.0/- per share.
Key Highlights
- Record-breaking Standalone Net profit: ₹1,037.2 Crore, up 70.9% YoY
- Increase in Revenue from operations: 5.2% YoY to ₹8,776.7 Crore
- Strong EBIDTA performance: ₹1,168.8 Crore, up 49.8% YoY
- Highest ever EPS: ₹92.79
- Recommended final dividend: ₹18.0/- per share, 180% of face value