ESCORTS

** Shares of Escorts Kubota ESCO.NS rise 2.6% to 3,537.10 rupees

** Tractor maker's total sales grow 47.6% Y/Y in September to 18,267 units

** Domestic tractor sales jump 48.5% Y/Y and exports rise 17.5% Y/Y

** ESCO says tractor industry growth in September driven by favourable rural conditions, above normal well distributed monsoon rains, improved water reservoir levels, and early festive season

** ESCO up over 6% YTD

(Reporting by Vijay Malkar)

(([email protected];))

** India's Escorts Kubota ESCO.NS rises 2.79% to 3763.7 rupees

** Construction equipment manufacturer introduces new paddy harvester that can convert residual stalk into a profitable alternative for farmers over stubble burning

** The machine, which weighs 2700 kg, compared to 9000 kg traditional harvesters, can reduce pollution caused by stubble burning in India, co says

** YTD, ESCO up ~13%

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

Sept 17 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA LTD - INTRODUCES NEW COMBINE HARVESTER IN PUNJAB & HARYANA

Source text: ID:nBSE1fl0L5

Further company coverage: ESCO.NS

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** Shares of Escorts Kubota ESCO.NS up 3.8% at 3410.5 rupees

** Indian tractor maker's Q1 net profit from cont ops rose 40% to 3.73 bln rupees ($42.6 mln), as lower expenses outpaced weak demand for its construction equipment

** Stock set to snap three sessions of losses; on track to rise most in a session since June 18

** More than 500,000 shares traded, 5.3x its 30-day moving avg

** Avg rating of 16 analysts is "hold", median PT is 3370 rupees, ~1.2% lower than current price - data compiled by LSEG

** YTD, ESCO up 2.2%

($1 = 87.5900 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

July 17 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• SEIJI FUKUOKA RESIGNS AS DEPUTY MANAGING DIRECTOR

Source text: ID:nBSE4kxXbw

Further company coverage: ESCO.NS

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July 1 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA LTD- TRACTOR VOLUME GREW BY 2.2% IN JUNE 2025

Source text: ID:nBSEbvZkk2

Further company coverage: ESCO.NS

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May 8 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• DIVIDEND 18 RUPEES PER SHARE

• Q4 NET PROFIT FROM CONTINUING OPERATIONS 2.51 BILLION RUPEES

• Q4 REVENUE FROM OPERATIONS 24.3 BILLION RUPEES

Source text: ID:nBSE9x1slL

Further company coverage: ESCO.NS

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** Shares of Indian tractor maker Escorts Kubota ESCO.NS down 3.3% at 3,193 rupees

** Of 17 analysts covering ESCO, four downgraded the co's stock rating and three cut TPs - according to data compiled by LSEG

GROWTH, MARKET SHARE WOES AMID RICH VALUATIONS

** Ambit Capital ("sell", TP: 3349 rupees): Weak performance in tractor business makes the co a laggard in the industry, in terms of growth

** Co's journey to increase exports 2-3x, market share to 18% (from current ~12%) may be long-drawn - Ambit

** Asian Markets Securities (AMSEC) ("sell", TP: 2,900 rupees): Co plans to introduce Uber-like model for tractors to make it more affordable for small farmers

** While co may be planning a strong transformative strategy to assist its mid- to long-term growth, current valuations seem rich to justify the near-term growth - AMSEC

** BOB Capital Markets ("sell", raises TP to 2,533 rupees from 2,426 rupees) expects performance at co's other segment - construction equipment - to improve, says tractor business to continue facing hurdles on intense competition-led discounts

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Feb 10 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• DIVIDEND OF 10 RUPEES PER SHARE

• DEC-QUARTER NET PROFIT 3.23 BILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 29.35 BILLION RUPEES

Source text: [ID:]

Further company coverage: ESCO.NS

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Feb 1 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA LTD - SOLD 6,669 TRACTORS IN JANUARY 2025

Source text: ID:nNSE3Y29QJ

Further company coverage: ESCO.NS

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Jan 14 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• TAX IMPLICATION REDUCED BY 8.4 MILLION RUPEES AFTER COURT ORDER

Source text: ID:nBSE9pJnNs

Further company coverage: ESCO.NS

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Jan 1 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• SOLD 5,472 TRACTORS IN DECEMBER 2024

Source text: ID:nBSE3zHKDM

Further company coverage: ESCO.NS

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** Shares of Escorts Kubota Ltd ESCO.NS rise as much as 4.4% to 3,663.15 rupees

** The tractor maker says its unit intends to start a non-banking financial institution business without accepting public deposits from Nov. 26

** The mean rating of 17 brokerages rating the stock is "hold"; their median PT is 3,451 rupees - LSEG data

** ESCO last up 4%, adding to YTD gains of 22.3%

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Nov 7 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA Q2 NET PROFIT 3.27 BILLION RUPEES

• ESCORTS KUBOTA Q2 REVENUE FROM OPERATIONS 24.76 BILLION RUPEES

Source text: ID:nBSE6F3NSG

Further company coverage: ESCO.NS

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Nov 1 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA - TRACTOR VOLUME GREW BY 19.8% Y/Y IN OCTOBER 2024

Source text: ID:nBSE340sMM

Further company coverage: ESCO.NS

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** Shares of Escorts Kubota ESCO.NS rise 3.3% to 3,983 rupees

** Brokerage Emkay Research upgrades ESCO to 'buy' from 'add', with a revised TP of 4,700 per share (previous: 4,450 rupees), an upside of 21.91% to last close

** Says, tractor market expected to enter an upcycle from H2 FY25 on healthy monsoon

** Adds, a 5% shift in Kubota's 6326.T global sourcing to India could create a ~$500 mln opportunity for ESCO

** Analysts rate ESCO a "sell" on avg; median PT is 3,548 rupees - LSEG data

** ESCO up 33% YTD

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Sept 26 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA LTD - RBI GRANTS CERTIFICATE OF REGISTRATION TO UNIT ESCORTS KUBOTA FINANCE

• ESCORTS KUBOTA LTD - UNIT GETS COR TO START BUSINESS OF NON-BANKING FINANCIAL INSTITUTION

Source text for Eikon: ID:nBSE78bCDb

Further company coverage: ESCO.NS

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Sept 2 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA LTD - SOLD 5,614 TRACTORS IN AUGUST 2024

• ESCORTS KUBOTA - ESCORTS KUBOTA SOLD 5,614 TRACTORS IN AUGUST 2024

• ESCORTS KUBOTA LTD - ANTICIPATE DEMAND TO ACCELERATE IN COMING FESTIVE MONTHS

Further company coverage: ESCO.NS

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Aug 16 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• INVESTMENT INTENT SUBMITTED TO UTTAR PRADESH GOVERNMENT TO ACQUIRE LAND

• LAND INTENDED TO SET UP INTEGRATED GREENFIELD MANUFACTURING FACILITY

• ESTIMATED DIRECT, INDIRECT INVESTMENT OF ABOUT 45 BILLION RUPEES TO BE DONE IN PHASES

Further company coverage: ESCO.NS

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** Shares of Escorts Kubota ESCO.NS down 5.5% at 3,927 rupees; biggest intra-day fall since April 2022

** Co on Thursday reported slowest profit growth in five quarters, 2% rev decline

** Merger with Kubota is facing hurdles from product

development and quality improvement issues for the exports - PhillipCapital

** Stock among top losers in mid-cap index .NIFTYMDCP100, which is down 0.6% for day

** ESCO up 31% YTD vs 26% gains in mid-cap index

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Aug 1 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA LTD - TRACTOR VOLUME GREW BY 3.6% IN JULY 2024

Source text for Eikon: [ID:]

Further company coverage: ESCO.NS

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July 1 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA LTD - ESCORTS KUBOTA LIMITED SOLD 9,593 TRACTORS IN JUNE 2024

• ESCORTS KUBOTA LTD- ANTICIPATE DEMAND TO IMPROVE IN COMING MONTHS

Source text for Eikon: ID:nBSE97v0gY

Further company coverage: ESCO.NS

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June 19 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• COMPANY HAS WITHDRAWN EXPRESSION OF INTEREST FOR PROPOSED ACQUISITION OF LAND IN GHILOTH, RAJASTHAN

• WITHDRAWAL AS LOCATION DOES NOT MEET ALL KEY REQUIREMENTS FOR A LARGE SCALE PROJECT BEING PLANNED

• CONTINUES TO EXPLORE ALTERNATE OPTIONS WITH OTHER STATE(S)INCLUDING RAJASTHAN

Further company coverage: ESCO.NS

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** Shares of tractor maker Escorts Kubota ESCO.NS up 2% at 3,513 rupees

** Co reported 30.5% rise in Q4 profit despite revenue declining 4.6% as costs also eased

** Year-ago profit was also impacted by a one-time charge of 244 mln rupees

** Nuvama says outlook for FY24–26 is positive for agri, railways and construction equipment segments; agri growth likely to turn around in FY25 due to normal monsoon and benign government policies

** Estimates EBITDA margin to grow to 14.3% and 15% in FY26 and FY28 from 13.3% in FY24

** Phillip Capital flags multiple headwinds for tractors, including lower water reservoir levels, lower haulage activity due to elections

** VST Tillers Tractors VST.NS down 4.4% at 3,271.85 rupees on a decline in Q4 profit, rev

** Avg recommendation on ESCO is a 'hold' while VST is rated 'buy' - LSEG

** ESCO up 18.4% YTD, VST.NS down 13% vs Nifty auto index's .NIFTYAUTO 22.6% rise

(Reporting by Rama Venkat and Sethuraman NR in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

May 9 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• Q4 NET PROFIT 2.42 BILLION RUPEES

• Q4 REVENUE FROM OPERATIONS 20.82 BILLION RUPEES

• YEAR AGO Q4 NET PROFIT 1.85 BILLION RUPEES, REVENUE 21.83 BILLION RUPEES

• DIVIDEND OF 18 RUPEES PER SHR

Source text for Eikon: [ID:]

Further company coverage: ESCO.NS

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Corrects paragraph 3 to say auto sector contributes around 7% to India's economy, not more than 50%

BENGALURU, May 1 (Reuters) - Automaker Tata Motors TAMO.NS and Hyundai Motor's 005380.KS India unit reported higher sales in April from a year earlier, while sales of truck maker Eicher Motors EICH.NS dipped, monthly data from the companies showed on Wednesday.

Each month, automobile makers in India release wholesale numbers, or vehicle sales to dealers.

WHY IT'S IMPORTANT

The sales numbers are seen as a key indicator of private consumption in India. The auto sector contributes around 7% to India's economy.

CONTEXT

Indian automakers posted record sales volumes in fiscal 2024, with momentum expected to continue into the current financial year.

In April, two-wheeler sales surged amid regional festivals or weddings, while pricier sport utility vehicles (SUVs) were preferred by customers looking to buy cars, analysts noted.

Rising consumer income levels and the availability of easy financing options with lower EMIs (equated monthly instalments) have helped bolster SUV sales, said Amit Hiranandani, automobile sector lead analyst at brokerage SMIFS.

Meanwhile, sales of small cars have been subdued, with high inflation making them unaffordable for their target demographic.

BY THE NUMBERS

(Reporting by Varun Hebbalalu and Meenakshi Maidas in Bengaluru; Editing by Rashmi Aich and Eileen Soreng)

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April 22 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA LTD - AGRI MACHINERY BUSINESS DIVISION, SHALL BE INCREASING PRICES OF ITS TRACTORS EFFECTIVE 1ST MAY 2024 ONWARDS

• ESCORTS KUBOTA LTD - INCREASE IN PRICES WOULD VARY ACROSS MODELS/VARIANTS AND GEOGRAPHIES

Source text for Eikon: ID:nBSEbWHKwW

Further company coverage: ESCO.NS

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April 1 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA SOLD 8,587 TRACTORS IN MARCH 2024

Source text for Eikon: [ID:]

Further company coverage: ESCO.NS

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March 29 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• ESCORTS KUBOTA LTD - REDUCE ITS FINANCIAL EXPOSURE RELATED TO TAX ORDERS

• ESCORTS KUBOTA LTD - REDUCED EXPOSURE TO 788.4 MILLION RUPEES AND 405.3 MILLION RUPEES IN TWO TAX ORDERS

Source text for Eikon: ID:nBSE6K850C

Further company coverage: ESCO.NS

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March 27 (Reuters) - Escorts Kubota Ltd ESCO.NS:

• RECTIFICATION ORDER PASSED BY EXCISE & TAXATION OFFICER, REDUCING DEMAND BY 2 MILLION RUPEES

Further company coverage: ESCO.NS

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