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Escorts Kubota Limited 1 BSE: 500495 | NSE: ESCORTS Q3 FY26 | EARNING PRESENTATION 10th February 2026 10-02-2026 Escorts Kubota Limited Great Place To Work® Certified JAN 2026-JAN 2027 INDIA
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Escorts Kubota Limited 210-02-2026 Safe Harbor Certain statements in this document may include forward-looking comments and information concerning the company’s plans and projections for the future, including estimates and assumptions with respect to economic, political, technological, weather, market acceptance and other factors that impact our businesses and customers. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Escorts Kubota Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. Accounting standard: Financials in presentation are as per IndAS. All numbers are rounded off to nearest decimal Escorts Kubota Limited
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Escorts Kubota Limited 02 03 04 05 07 Q3 Standalone Highlights 9M Standalone Highlights Q3/9M Consolidated Highlights Segment Wise Performance Annexure & Narrations CONTENTS 310-02-2026 01 Company Overview Escorts Kubota Limited
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Escorts Kubota Limited Q3 Standalone Highlights – Q3FY26 YoY *Served Construction Equipment include- PNC Cranes, Backhoe loaders, Mini Excavators and Compactors 4 % rounded off to nearest single decimal 10-02-2026 Negative Positive *include- PNC Cranes, Backhoe loaders, Mini Excavators and Compactors Particulars Industry Growth EKL Growth Variance Domestic Tractor Volume 23.2% 12.0% -11.2% Export Tractor Volume 20.1% 62.9% 42.9% Total Tractor Volume 22.9% 13.5% -9.4% PNC Volume -14.7% -13.4% 1.3% BHL Volume -19.2% -26.9% -7.7% Mini Excavator 39.4% 20.8% -18.6% Compactor Volume -9.9% -84.0% -74.2% Served Construction Equipment Volume* -15.6% -13.7% 1.9% Escorts Kubota Limited
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Escorts Kubota Limited 5 Q3 Standalone Highlights (Continuing Operations) EKL at a Glance % rounded off to nearest single decimal10-02-2026 36,955 Tractors Volumes 13.5% 9.1% (Y-o-Y) (Q-o-Q) 1,716 Construction Equipment’s Volume -13.7% 49.7% (Y-o-Y) (Q-o-Q) ₹ 3,261.4 Crore Revenue from Operations 11.1% 17.4% (Y-o-Y) (Q-o-Q) Up Down ₹ 438.7 Crore EBIDTA 30.9% 20.8% (Y-o-Y) (Q-o-Q) ₹ 522.7 Crore Profit Before Tax & Exceptional Items 37.5% 21.2% (Y-o-Y) (Q-o-Q) ₹ 401.6 Crore* Adjusted Profit After Tax 38.3% 25.0% (Y-o-Y) (Q-o-Q) *Adjusted for the impact of the new labour code in Q3 FY26 Reported Profit After Tax (Including Expectational item and Discontinued Operations) ₹ 362.4 Crore 12.1% YoY. Escorts Kubota Limited
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Escorts Kubota Limited Unit Q3FY26 Q3FY25 Q2FY26 YoY (Change) QoQ (Change) Revenue from Operations ₹ Cr. 3,261.4 2,935.4 2,777.4 11.1% 17.4% Material Cost % 71.0 73.1 69.3 -201 bps 174 bps Manpower Cost % 6.4 6.8 7.3 -34 bps -86 bps EBIDTA ₹ Cr. 438.7 335.3 363.2 30.9% 20.8% EBIDTA Margin % 13.5 11.4 13.1 203 bps 37 bps Other Income ₹ Cr. 153.7 109.2 133.6 40.8% 15.1% PBT Excluding Exceptional Items ₹ Cr. 522.7 380.2 431.1 37.5% 21.2% PAT ₹ Cr. 362.4 290.5 321.2 24.7% 12.8% EPS ₹ 32.93 26.41 29.19 24.7% 12.8% Adjusted PAT* ₹ Cr. 401.6 290.5 321.2 38.3% 25.1% PBT ₹ Cr. - 43.8 - PAT ₹ Cr. - 32.7 - EPS ₹ - 2.98 - PAT ₹ Cr. 362.4 323.2 321.2 12.1% 12.8% EPS ₹ 32.93 29.39 29.19 12.0% 12.8% Particulars Continuing OperationsDiscontinued OperationsTotalStandalone Financials 6 Q3 Standalone Highlights – P&L at a Glance % rounded off to nearest single decimal10-02-2026 Negative Positive Par *Adjusted for the impact of the new labour code in Q3 FY26 • • • • • • • • • • • • • • • • • • • • • • • • Escorts Kubota Limited
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Escorts Kubota Limited 383.2 122.6 -24.2 47.1 528.7 Q3FY25 AM CE Unallocated Q3FY26 EBIT 7 Q3 - YoY Revenue up by 11.1%; EBIT up by 38.0% (Continuing Operations) Standalone Continuing Operations Financials10-02-2026 rounded off to nearest single decimal Revenue Key Highlights • Tractor Sales up by 13.5% at 36,955 units • Construction Equipment Sales down by 13.7% at 1,716 units 2,935.4 353.0 -25.8 -1.2 3,261.4 Q3FY25 AM CE Unallocated Q3FY26 Revenue Increase Decrease Total EBIT Key Highlights • Lower Material Cost • Operating leverage in Agri Machinery Segment ₹ Cr. ₹ Cr. Escorts Kubota Limited ■ ■ -
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Escorts Kubota Limited 435.4 63.0 19.6 10.7 528.7 Q2FY26 AM CE Unallocated Q3FY26 EBIT 8 Q3 - QoQ Revenue up by 17.4%; EBIT up by 21.4% (Continuing Operations) 10-02-2026 2,777.4 336.7 151.8 -4.5 3,261.4 Q2FY26 AM CE Unallocated Q3FY26 Revenue Increase Decrease Total EBIT Key Highlights • Operating leverage across divisions • Better product mix ₹ Cr. ₹ Cr. Revenue Key Highlights • Tractor Sales up by 9.1% at 36,955 units • Construction Equipment Sales up by 49.7% at 1,716 units Standalone Continuing Operations Financials rounded off to nearest single decimal Escorts Kubota Limited ■ ■ -
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Escorts Kubota Limited 910-02-2026 ₹ 32.93 Earning Per Share 17.5% Return on Capital Employed (Annualized) ~75% Capacity Utilization Tractors ~60% Capacity Utilization Construction Equipment Q3FY26 Standalone Highlights –EKL at a Glance Standalone Financials 12.0% Return on Equity (Annualized) Escorts Kubota Limited
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Escorts Kubota Limited Standalone Highlights – 9MFY26 YoY 10% rounded off to nearest single decimal10-02-2026 *include- PNC Cranes, Backhoe loaders, Mini Excavators and Compactors Particulars Industry Growth EKL Growth Variance Domestic Tractor Volume 20.4% 12.6% -7.8% Export Tractor Volume 8.7% 53.9% 45.3% Total Tractor Volume 19.3% 14.0% -5.3% PNC Volume -18.5% -18.0% 0.5% BHL Volume -12.5% -45.7% -33.2% Mini Excavator 27.7% 32.1% 4.5% Compactor Volume -5.4% -63.3% -57.9% Served Construction Equipment Volume* -11.6% -17.8% -6.2% Escorts Kubota Limited
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Escorts Kubota Limited 1,01,413 Tractors Volumes 14.0% 3,917 Construction Equipment’s Volume -17.8% ₹ 8,522.1 Crore Revenue Operations 9.9% ₹ 1,127.0 Crore EBIDTA 27.3% ₹ 1,371,7 Crore Profit Before Tax and Exceptional Items 36.0% Reported Profit After Tax (Including Discontinued Operations) ₹ 2,083.8 Crore 118.6% YoY. 9MFY26 Standalone Highlights (Continuing Operations) EKL at a Glance 11% rounded off to nearest single decimal10-02-2026 Up Down ₹ 1,030.3 Crore* Adjusted Profit After Tax 34.1% *Profit for 9M FY26 adjusted for the labour code impact and excluding the gain of ₹ 65.10 crore from the sale of certain land and buildings and for 9MFY25 have been adjusted for the impact of Approx. ₹91 crore from changes in long-term capital gains tax provisions and effect of brought-forward losses from merged entities. Escorts Kubota Limited
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Escorts Kubota Limited Unit 9MFY26 9MFY25 Variance Revenue from Operations ₹ Cr. 8,522.1 7,756.7 9.9% Material Cost % 69.9 71.3 -138 bps Manpower Cost % 7.0 7.2 -21 bps EBIDTA ₹ Cr. 1,127.0 885.0 27.3% EBIDTA Margin % 13.2 11.4 181 bps Other Income ₹ Cr. 442.9 326.8 35.5% PBT Excluding Exceptional Items ₹ Cr. 1,371.7 1,008.2 36.0% PAT ₹ Cr. 1,056.1 859.3 22.9% EPS ₹ 96.00 78.16 22.8% Adjusted PAT* ₹ Cr. 1,030.3 768.4 34.1% PBT ₹ Cr. 1,203.1 126.1 854.4% PAT ₹ Cr. 1,027.6 94.1 992.2% EPS ₹ 93.41 8.56 991.2% PAT ₹ Cr. 2,083.8 953.4 118.6% EPS ₹ 189.41 86.72 118.4% Continuing OperationsDiscontinued Operations Particulars Total 9M Standalone Highlights – P&L at a Glance Standalone Financials 12% rounded off to nearest single decimal10-02-2026 Negative Positive *Profit for 9M FY26 adjusted for the labour code impact and excluding the gain of ₹ 65.10 crore from the sale of certain land and buildings and for 9MFY25 have been adjusted for the impact of Approx. ₹91 crore from changes in long-term capital gains tax provisions and effect of brought-forward losses from merged entities. I I I I • • • • • • • • • • • • • • • • Escorts Kubota Limited
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Escorts Kubota Limited 1,030.6 283.4 -68.4 140.0 1,385.6 9MFY25 AM CE Unallocated 9MFY26 EBIT Revenue Key Highlights • Tractor Sales up by 14.0% to 1,01,413 units • Construction Equipment Sales down by 17.8% to 3,917 units 7,756.7 911.5 -146.7 0.6 8,522.1 9MFY25 AM CE Unallocated 9MFY26 Revenue (YoY) Increase Decrease Total EBIT Key Highlights • Higher non-operating income. • Softening in commodity prices. • Operating Leverage in Agri Machinery Segment. ₹ Cr. ₹ Cr. 9MFY26 - YoY Revenue up by 9.9%; EBIT up by 34.4% (Continuing Operations) 13Standalone Continuing Operations Financials10-02-2026 rounded off to nearest single decimal Escorts Kubota Limited ■ ■ -
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Escorts Kubota Limited ₹ 189.41 Earning Per Share 16.1% Return on Capital Employed With Investment 9MFY26 Standalone Highlights –EKL at a Glance ~75% Capacity Utilization Tractors ~40% Capacity Utilization Construction Equipment 12.2% Return on Equity 1410-02-2026 Standalone Financials Escorts Kubota Limited
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Escorts Kubota Limited 15 Segment Wise Performance Escorts Kubota Limited10-02-2026 Escorts Kubota Limited
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Escorts Kubota Limited 16 Segmental Revenue Contribution XX% Segmental Contribution to total Operating revenue10-02-2026 85% 82% 88% 84% 87% 15% 18% 12% 16% 13% Q3FY26 Q3FY25 Q2FY26 9MFY25 9MFY26 Agri Machinery Products Construction Equipments 3,261.4 2,935.4 2,777.4 Revenue in ₹. Crore % of Revenue 8,522.17,756.7 Escorts Kubota Limited ■ ■
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Escorts Kubota Limited 1710-02-2026 Agri Solution Engine Spare Parts and Service Agri Machinery Products Non-Tractor Business Tractor Business Global Sourcing Escorts Kubota Limited K3R! A Kubota Brand Reliable Parts. Value for the Pnce. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • ··-··-··-··-··-··-··r··-··-··-··-·· ~ • • • • • • ............................................ ~ ................................. .
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Escorts Kubota Limited 18 Tractor Industry and EKL Tractor Business Growth De-Growth10-02-2026 rounded off to nearest single decimal 2.67 2.75 3.29 Q3FY25 Q2FY26 Q3FY26 23.2% YoY Domestic Industry (in Lakhs) Export Industry (in ‘000s) 22.1 25.6 26.6 Q3FY25 Q2FY26 Q3FY26 20.1% YoY 3.8% QoQ 19.6% QoQ Share of Market in % 31,585 32,329 35,373 11.8% 11.8% 10.8% 5.0% 7.0% 9.0% 11.0% 13.0% 15.0% 17.0% 19.0% 9,000 14,000 19,000 24,000 29,000 34,000 39,000 Q3FY25 Q2FY26 Q3FY26 9.4% QoQ12.0% YoY 971 1,548 1,582 4.4% 6.0% 6.0% 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% - 200 400 600 800 1,00 0 1,20 0 1,40 0 1,60 0 1,80 0 Q3FY25 Q2FY26 Q3FY26 62.9% YoY 2.2% QoQ EKL Domestic Volume (Nos.) EKL Export Volume (Nos.) Escorts Kubota Limited --- -I I
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Escorts Kubota Limited Tractor Industry and EKL Tractor Business 7.39 8.90 9MFY25 9MFY26 20.4% YoY Domestic Industry (in Lakhs) Export Industry (in ‘000s) 71.3 77.5 9MFY25 9MFY26 8.7% YoY 85,762 96,550 11.6% 10.9% 5.0% 7.0% 9.0% 11.0% 13.0% 15.0% 17.0% 19.0% 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 1,00,000 1,10,000 9MFY25 9MFY26 12.6% YoY 3,159 4,863 4.4% 6.3% 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% - 1,00 0 2,00 0 3,00 0 4,00 0 5,00 0 6,00 0 9MFY25 9MFY26 53.9% YoY EKL Domestic Volume (Nos.) EKL Export Volume (Nos.) 19Growth De-Growth10-02-2026 rounded off to nearest single decimalShare of Market in % Escorts Kubota Limited I --------+ ... ----------- 1 -------• ---► I _______ ..
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Escorts Kubota Limited Particulars Unit Q3FY26 YoY (Change) QoQ (Change) 9MFY26 YoY (Change) ₹ Cr. 2,769.6 14.6% 13.8% 7,383.9 14.1% % 13.5% 310 bps 72 bps 13.0% 255 bps % ~75 ~75 % 55.9% 47.5%ROCE (Annualized) Capacity Utilization Tractors Revenue EBIT 2010-02-2026 Agri Machinery Products – Segment Performance ➢ Less than 40 HP : Greater than 40 HP Tractor Sales Ratio in Q3FY26 at 34:66 as against 32:68 YoY and 33:67 QoQ and in 9MFY26 at 34:66 at par YoY . ➢ Non-Tractor : Tractor Revenue Ratio in Q3FY26 at 19:81 as against 21:79 YoY and 17:83 QoQ and in 9MFY26 at 19:81 as against 20:80 YoY ➢ Export through Kubota channel of total Export volume ~68% in Q3FY26 and ~57% in 9MFY26 Up Down Escorts Kubota Limited I I I I I
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Escorts Kubota Limited 21 Construction Equipments 10-02-2026 NA PREFERRED PART
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Escorts Kubota Limited Construction Equipment Business Performance 22.6 16.0 19.1 Q3FY25 Q2FY26 Q3FY26 -15.6% YoY 19.1% QoQ 54.1 47.9 9MFY25 9MFY26 -11.6% YoY 4,765 3,917 1,50 0 2,00 0 2,50 0 3,00 0 3,50 0 4,00 0 4,50 0 5,00 0 9MFY25 9MFY26 -17.8% YoY EKL Construction Equipment Volumes Served Industry Performance (000’s) 1,989 1,146 1,716 Q3FY25 Q2FY26 Q3FY26 49.7% QoQ -13.7 YoY 22Growth De-Growth10-02-2026 rounded off to nearest single decimal As per ICEMA I ·----- -- ---------------. : _____ _ ► ------- ' -------- 1 I I I ----► Escorts Kubota Limited
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Escorts Kubota Limited Particulars (EKL) Unit Q3FY26 YoY (Change) QoQ (Change) 9MFY26 YoY (Change) PNC SOM % 40.8% 40.2% Mini Excavator SOM % 23.2% 20.7% Compactor SOM % 0.9% 1.7% BHL SOM % 0.6% 0.6% Capacity Utilization* % ~60% ~40% Revenue ₹ Cr. 489.9 -5.0% 44.9% 1,129.5 -11.5% EBIT % 6.6% -437 bps 283 bps 5.5% -472 bps ROCE (Annualized) % 200.2% 77.9% 23 Construction Equipments Performance % rounded off to nearest single decimal10-02-2026 Up Down * Capacity varies across product category. LY Mini excavator SOM reiterated. Par SOM – As per ICEMA Escorts Kubota Limited
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Escorts Kubota Limited 24 # FPI/Financial Institutions/ Banks/Insurance Companies/QIB/AIF Shareholding Pattern 10-02-2026 Shareholding Trend in % Dec'2024 Mar’2025 June’2025 Sept’2025 Dec’2025 Promoters 68.04 68.04 68.04 68.04 68.04 Institutions# 16.10 16.56 16.65 17.07 17.45 Public 14.18 13.72 13.64 13.23 12.85 Non-Promoter Non-Public 1.68 1.68 1.67 1.66 1.66 Total 100.00 100.00 100.00 100.00 100.00 Escorts Kubota Limited
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Escorts Kubota Limited Unit Q3FY26 Q3FY25 Q2FY26 YoY (Change) QoQ (Change) Revenue from Operations ₹ Cr. 3,280.5 2,948.0 2,791.6 11.3% 17.5% Material Cost % 71.0% 73.0% 69.3% -202 bps 173 bps Manpower Cost % 6.6% 6.9% 7.4% -33 bps -88 bps EBIDTA ₹ Cr. 434.7 332.7 359.7 30.6% 20.9% EBIDTA Margin % 13.3% 11.3% 12.9% 196 bps 37 bps Other Income ₹ Cr. 154.4 109.9 134.3 40.5% 15.0% PBT Excluding Exceptional Items ₹ Cr. 518.4 377.1 427.3 37.5% 21.3% PAT ₹ Cr. 358.3 287.9 318.1 24.5% 12.6% EPS ₹ 32.6 26.2 28.9 24.4% 12.7% Adjusted PAT* ₹ Cr. 397.6 287.9 318.1 38.1% 25.0% PBT ₹ Cr. - 43.8 - PAT ₹ Cr. - 32.7 - EPS ₹ - 2.98 - PAT ₹ Cr. 358.3 320.6 318.1 11.8% 12.6% EPS ₹ 32.57 29.16 28.90 11.7% 12.7% Particulars Continuing OperationsDiscontinued OperationsTotal 25 Q3 Consolidated Highlights – P&L at a Glance % rounded off to nearest single decimal10-02-2026 Negative Positive *Adjusted for the impact of the new labour code in Q3 FY26 • • • • • • • • • • • • • • • • • • • • • • • • Escorts Kubota Limited
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Escorts Kubota Limited Unit 9MFY26 9MFY25 YoY (Change) Revenue from Operations ₹ Cr. 8,572.1 7,799.0 9.9% Material Cost % 69.9% 71.3% -139 bps Manpower Cost % 7.1% 7.3% -19 bps EBIDTA ₹ Cr. 1,115.8 877.8 27.1% EBIDTA Margin % 13.0% 11.3% 176 bps Other Income ₹ Cr. 444.7 328.8 35.2% PBT Excluding Exceptional Items ₹ Cr. 1,359.6 1,000.1 36.0% PAT ₹ Cr. 1,045.9 852.4 22.7% EPS ₹ 95.1 77.5 22.6% Adjusted PAT* ₹ 1,020.03 762.06 33.9% PBT ₹ Cr. 1,203.1 126.1 854.4% PAT ₹ Cr. 1,027.6 94.1 992.2% EPS ₹ 93.41 8.56 991.2% PAT ₹ Cr. 2,073.5 946.5 119.1% EPS ₹ 188.48 86.10 118.9% Continuing OperationsDiscontinued OperationsTotal Particulars 26 9MFY Consolidated Highlights – P&L at a Glance % rounded off to nearest single decimal10-02-2026 Negative Positive *Profit for 9M FY26 adjusted for the labour code impact and excluding the gain of ₹ 65.10 crore from the sale of certain land and buildings and for 9MFY25 have been adjusted for the impact of Approx. ₹91 crore from changes in long-term capital gains tax provisions and effect of brought-forward losses from merged entities. • • • • • • • • • • • • • • • • Escorts Kubota Limited
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Escorts Kubota Limited 2710-02-2026 Please Note 1. The National Company Law Tribunal, Chandigarh Bench (NCLT) has approved the Scheme of Amalgamation of Escorts Kubota India Private Limited and Kubota Agricultural Machinery India Private Limited (Amalgamating Companies) with Escorts Kubota Limited (Amalgamated Company). The certified copy of the approval was received by the company on August 29, 2024, and filed with the Registrar of Companies on September 1, 2024. In order to reflect the Scheme's impact from the appointed date of April 1, 2023, the Company has restated previously reported numbers. Accordingly, numbers reported here for the current as well as previous period(s) include numbers of the amalgamating companies also. 2. The Board of the Directors of the Company on October 23, 2024 has approved the sale/ transfer of its division engaged in the business of manufacturing, assembly, sales, servicing, research and development of railway equipment products including parts thereto (“RED Business”) as a going concern, on a ‘slump sale’ basis, as defined under Section 2(42C) of the Income-tax Act, 1961, for a lump sum cash consideration of ₹ 1,600 Crores without values being assigned to the individual assets and liabilities in such sale/ transfer, to Sona BLW Precision Forgings Limited (Sona Comstar). The said business was a reportable segment as "Railway equipments" as per the requirements of Ind AS 108, "Operating Segments" till September 30, 2024. Subsequently, the said business has been disclosed under discontinued operations and previous periods are also reclassified in terms of Ind AS 105 "Non-current assets held for sale and discontinued operations". During the quarter ended Jun 30, 2025, the company transfer the RED Business to Sona Comstar upon completion of conditions precedent as specified in the business transfer agreement (BTA). Escorts Kubota Limited
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Escorts Kubota Limited • EKL - Escorts Kubota Limited • FY – Fiscal Year represents the 12 months period from 1st April to 31st March. • Q3FY25 – Represents the 3 months period from 1st October 2024 to 31st December 2024. • Q2FY26 – Represents the 3 months period from 1st July 2025 to 30th September 2025 • Q3FY26 – Represents the 3 months period from 1st October 2025 to 31st December 2025. • FY25 – Represents the 12 months period from 1st April 2024 to 31st March 2025. • FY26 – Represents the 12 months period from 1st April 2025 to 31st March 2026. • 9M – Represents the 9 months period from 1st April to 31st December • QoQ – Represents Quarter on Quarter • YoY – Represents Year on Year • LY – Represents Last Year • CY – Represents Current Year • FT – Farmtrac PT - Powertrac KBT - Kubota 28 • AG – Agri Machinery Products • CE – Construction Equipment • RED – Railway Equipment • BHL – Backhoe Loader • SOM – Share of Market • NPD – New Product Developed • PnC – Pick & Carry Crane • NSE – National Stock Exchange of India • BSE – Bombay Stock Exchange • EBIDTA - Earnings Before Interest, Depreciation & Taxes • EBIT- Earnings Before Interest & Taxes • PBT – Profit Before Tax • PAT – Profit After Tax • ROE – Return on Equity, Calculated as PAT divided by Average capital employed. • ROCE – Return on Capital Employed, calculated as EBIT divided by Average capital Employed for the quarter. • FTES - Farmtrac Tractors Europe SP Z.o.o • ADICO - Adico Escorts Agri Equipment Private Limited 10-02-2026 Narrations Escorts Kubota Limited
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Escorts Kubota Limited Contact Details Prateek Singhal Investor Relations & ESG Escorts Kubota Ltd. (CIN: L74899HR1944PLC039088) Corporate Centre 15/5 Mathura Road, Faridabad – 121003 Email - investor.relation@escortskubota.com | Phone: +91 129 2564921 | www.escortskubota.com 04-11-2025