Escorts Kubota tractor sales (Domestic + Export) declined by 20% in June 2022. Because the company sold 10,051 units in June 2022, whereas 12,533 units were sold in June 2021.
But successively, tractor sales rose by 19.36% in June 2022 compared to 8,421 units in May 2022.
Escorts Kubota Domestic sales were 9,265 units in June 2022, whereas it sold 11,956 tractors in June 2021, which clearly shows a 22.5% YOY fall in sales.
Escorts said, “The industry wholesalers were affected during the month of June 2022 due to the high base of last year. With the beginning of the monsoon, and likely record Kharif crop production, rural liquidity and farmer sentiments are expected to improve gradually.”
The company export tractor sales were 786 units in June 2022, and 577 units in June 202. Escorts Kubota exports sales comparison of the last year and current year is rising by 36.2%.
Additionally, the Escorts Kubota tractor quarterly sales increased by 3.3%. The company sold 26797 units in Q1 FY23 compared to 25,935 units in Q1 FY22. Escorts quarter domestic sales raised by 0.4% as the sales were 24608 units. And, the Escorts Export tractor sales of the company boosted by 52.5% to 2,189 units in Q1 FY23.
Escorts Kubota Construction Equipment Sales grew by 22.5% in June 2022 YOY. The company sold 321 machines in June 2022 against 262 machines were sold in June 2021.
Escorts Kubota company said, “In June 2022, growth trend continued in the Construction Equipment industry due to the low base of last year. With Government thrust on infrastructure, we expect the growth rate to continue in the current fiscal year 2022-23.”
Along with this, the Escorts Kubota ECE sold 966 units for the 1st quarter of the current year and 606 units in the same period of last year, showing a decent growth of 59.4%.
The company’s net profit dropped by 28.1% to Rs. 190.92 crore and a 15.7% decline in revenue from performance to Rs 1,878.51 crore in Q4 FY22 compared to Q4 FY21. in addition, the Escorts Kubota shares declined by 0.37% at Rs 1,436.75 on the BSE.
Escorts Kubota is a popular Indian agricultural manufacturing company providing agri-machinery, railway equipment, construction machinery and material handling equipment.
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