Escorts Kubota

Escorts Kubota reported a strong Q4 FY26 with revenue of ₹2,950.7 croreCurrent reported value: ₹2,950.7 crore. No comparable prior figure is available in the source record. (+21.4Current reported value: 21.4. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹386 croreCurrent reported value: ₹386 crore. No comparable prior figure is available in the source record. (+31.8% YoY), driven by robust tractor volumes (highest ever full-year at 133,670 unitsCurrent 133,670 units. Reported change: +15.7% YoY., +15.7% YoY) and margin expansion of 103 bps to 13.1%. The construction equipment segment also rebounded with Q4 volume growth of 9% YoY, gaining market share. Management guided for a flattish tractor industry in FY27 (0-3% growth), citing high base, potential El Niño impact, and rising input costs. They remain confident of outperforming the industry due to new product launches and channel improvements. Key risks include geopolitical disruptions, commodity inflation (5-6% cost increase expected), and subnormal monsoon affecting rural sentiment. The company plans significant capex of ~₹500 crore for a greenfield facility and additional ₹500 crore investment in captive NBFC.