Escorts Kubota’s shares dropped by over 2% following a 10.8% decline in tractor sales for December 2024, totaling 5,472 units, compared to 6,136 units in December 2023.
Domestic Sales
Domestic tractor sales fell 12.5%, with 5,016 units sold in December 2024, down from 5,731 units the previous year. However, the company remains optimistic, forecasting stronger demand driven by kharif crop procurement, robust rabi sowing, and higher reservoir water levels.
Export Sales
Export sales, on the other hand, showed a positive trend, increasing by 12.6% with 456 tractors sold in December 2024, up from 405 units in 2023.
Quarterly and Nine-Month Performance
In Q3 FY25 (October-December), domestic sales grew by 6.0%, reaching 31,585 units, while exports dropped by 29.2%. For the first nine months of FY25, total sales dipped slightly by 0.8%, with domestic sales up 0.5%, but exports down 26.2%.
Escorts Kubota shares opened at ₹3,329.05, reaching a high of ₹3,329.05 and a low of ₹3,225.55 today. The stock has experienced a 52-week high of ₹4,420.00 and a low of ₹2,648.40, showing significant price fluctuations
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