Escorts Kubota Revenue History — Quarter by Quarter

Escorts Kubota's revenue moved from ₹2,574 Cr in Q1 FY25 to ₹2,968 Cr in Q4 FY26, a 15.3% change over 8 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹2,968 Cr	+21.4%
Q3 FY26	₹3,281 Cr	+11.3%
Q2 FY26	₹2,792 Cr	+22.6%
Q1 FY26	₹2,500 Cr	—
Q4 FY25	₹2,445 Cr	+6.1%
Q3 FY25	₹2,948 Cr	+8.1%
Q2 FY25	₹2,277 Cr	—
Q1 FY25	₹2,574 Cr	-1.5%

What management said about revenue

Q4 FY26 · Tractor industry flattish in FY27

Management expects domestic tractor industry to be flat to ±2-3% in FY27, with H1 growth and H2 degrowth due to high base and monsoon risks.

Q4 FY26 · Component exports target of INR 500-1,000 crore by FY30

Management targets component exports from India to reach INR 500-1,000 crore by FY30 through Kubota global sourcing.

Q3 FY26 · Domestic tractor industry to reach ~11.5 lakh units in FY26

Management expects the domestic tractor industry to hit a new peak of around 11.5 lakh units this fiscal year, supported by healthy water levels, robust crop yield, reduced GST, higher MSP, and improved terms of trade.

Q3 FY26 · Export growth to remain double-digit

Management expects double-digit growth in export numbers going forward, even from existing facilities, though growth rates will moderate from the current 50-60%.

Q3 FY26 · Greenfield plant commercial production by 2029-2030

The new greenfield facility in UP is expected to start commercial production around 2029-2030, but timelines may be preponed or postponed based on demand.

Q2 FY26 · Tractor industry low double-digit growth for FY26

Management expects the tractor industry to sustain low double-digit growth for the full fiscal year, supported by healthy reservoir levels, robust crop yields, higher MSPs, and improved terms of trade.

Q1 FY26 · Tractor industry growth of mid-to-high single digits for FY26

Management expects the tractor industry to grow mid-to-high single digits for the full fiscal year, with H2 growth likely tapering due to high base.

Q1 FY26 · Export volume growth of 25-30% in FY26

Management guided for 25-30% growth in total export volume over last year, with monthly run-rate stabilizing at 500-600 tractors.

Q4 FY25 · Tractor industry to grow mid-to-high single digits in FY26

Management expects the Indian tractor industry to grow in mid-to-high single digits, potentially reaching 1 million units, driven by favorable monsoons and government focus on agri infra.

Q4 FY25 · Export growth of 20-25% in FY26

Management guided for 20-25% growth in export volumes in FY26, driven by new markets like Mexico and South Africa.

Q4 FY25 · Component exports to double in FY26

Component exports, currently around INR 100 crore, are targeted to double in FY26.

Q3 FY25 · Q4 FY25 tractor industry growth of 14-15%

Management expects robust Q4 industry growth driven by strong rabi season and government spending.