Escorts Kubota Q2 results: Profit drops to ₹250 crore as rising costs squeeze

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Escorts Kubota’s Q2 FY27 revenue from ⁠operations rises 16.2% to ₹3,243 crore, while total expenses jump 21.2% year-on-year

By Reuters

Updated - November 02, 2026 at 04:40 PM.

Escorts Kubota raised tractor prices in August and will raise them ⁠again in November, citing input costs, ⁠inflation and geopolitical uncertainties.

Escorts Kubota reported a 21.4 per cent fall in second-quarter profit ​on Monday, as rising commodity costs and ‌an unfavourable product mix squeezed margins ​in its tractor business, ⁠outweighing strong construction equipment sales.

The tractor and construction equipment maker’s consolidated net profit fell to ₹250 crore ($26.36 million) in the quarter ended September 30 ‌from ₹318 crore a ‌year earlier.

Revenue from ⁠operations rose 16.2 per cent to ₹3,243 crore, while total expenses rose 21.2 per cent year-on-year.

Agricultural ​machinery revenue rose ‌10.2 per cent to ₹2,696 crore, but the segment’s operating margin shrank to 7.8 per cent from 12.8 per cent a year earlier, hurt ‌by commodity cost inflation and changes ​in product mix.

Tractor sales edged up 0.4 per cent to ⁠34,017 units during the quarter, while September sales fell 16.7 per cent as a ‌patchy monsoon, lower kharif (summer-sown crop) sowing and a delayed festive season hurt demand.

The company expects margins to improve gradually from the January-March quarter, assuming stable commodity prices, before returning closer ‌to normal levels in fiscal 2028.

Escorts Kubota raised tractor prices in August and will raise them ⁠again in November, citing input costs, ⁠inflation and geopolitical uncertainties.

Escorts Kubota shares fell as much as 6.4 per cent to ‌₹2,411.80, hitting their lowest since late July 2023.

Published on November 2, 2026

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