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Escorts Kubota Limited 1 BSE: 500495 | NSE: ESCORTS Q2FY27 | EARNING PRESENTATION 2nd November 2026 02-11-2026
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Escorts Kubota Limited CONTENTS 202-11-2026 01 02 03 04 05 06 Q2 Standalone Highlights H1 Standalone Highlights Segment Wise Performance Shareholding Pattern Q2/H1 Consolidated Highlights Annexure & Narrations
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Escorts Kubota Limited 302-11-2026 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
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Escorts Kubota Limited Particulars Industry Growth EKL Growth Variance Domestic Tractor Volume -3.1% 0.9% 4.0% Export Tractor Volume 15.9% -10.3% -26.2% Total Tractor Volume -1.4% 0.4% 1.9% PNC Volume 35.2% 53.0% 17.8% BHL Volume 12.0% 62.2% 50.2% Mini Excavator 53.8% 59.4% 5.6% Compactor Volume 39.1% 11.1% -28.0% Served Construction Equipment Volume* 19.7% 53.9% 34.2% Q2 Standalone Highlights – Q2FY27 YoY *Served Construction Equipment include- PNC Cranes, Backhoe loaders, Mini Excavators and Compactors 4 % rounded off to nearest single decimal 02-11-2026 Negative Positive *include- PNC Cranes, Backhoe loaders, Mini Excavators and Compactors
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Escorts Kubota Limited 5 Q2 Standalone Highlights EKL at a Glance % rounded off to nearest single decimal02-11-2026 34,017 Tractors Volumes 0.4% -7.7% (Y-o-Y) (Q-o-Q) 1,764 Construction Equipment’s Volume 53.9% 31.3% (Y-o-Y) (Q-o-Q) ₹ 3,231.4 Crore Revenue from Operations 16.3% 1.7% (Y-o-Y) (Q-o-Q) Up Down ₹ 292.4 Crore EBIDTA -19.5% -17.7% (Y-o-Y) (Q-o-Q) ₹ 344.0 Crore Profit Before Tax -20.2% -30.3% (Y-o-Y) (Q-o-Q) ₹ 255.0 Crore Profit After Tax -20.6% -34.2% (Y-o-Y) (Q-o-Q) Continuing Operations Financials
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Escorts Kubota LimitedStandalone Financials 6 Q2 Standalone Highlights – P&L at a Glance % rounded off to nearest single decimal02-11-2026 Negative Positive Par Unit Q2FY27 Q2FY26 Q1FY27 YoY (Change) QoQ (Change) Revenue from Operations ₹ Cr. 3,231.4 2,777.4 3,178.9 16.3% 1.7% Material Cost % 73.0 69.3 72.8 369 bps 21 bps Manpower Cost % 7.1 7.3 6.4 -15 bps 73 bps EBIDTA ₹ Cr. 292.4 363.2 355.4 -19.5% -17.7% EBIDTA Margin % 9.0 13.1 11.2 -403 bps -213 bps Other Income ₹ Cr. 122.9 133.6 207.4 -8.0% -40.8% PBT ₹ Cr. 344.0 431.1 493.8 -20.2% -30.3% PAT ₹ Cr. 255.0 321.2 387.3 -20.6% -34.2% EPS ₹ 23.18 29.19 35.20 -20.6% -34.1% Particulars
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Escorts Kubota Limited 435.4 -102.8 29.5 -14.3 347.8 Q2FY26 AM CE Unallocated Q2FY27 EBIT 7 Q2 - YoY Revenue up by 16.3%; EBIT down by 20.1% Standalone Continuing Operations Financials02-11-2026 rounded off to nearest single decimal Revenue Key Highlights • Agri Machinery • Tractor Sales up by 0.4% at 34,017 units • Non tractor sales up by 447 bps. • Construction Equipment Sales up by 53.9% at 1,764 units 2,777.4 257.2 198.1 -1.3 3,231.4 Q2FY26 AM CE Unallocated Q2FY27 Revenue Increase Decrease Total EBIT Key Highlights • Adverse commodity prices • Lower non operating Income • Higher manufacturing overheads ₹ Cr. ₹ Cr.
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Escorts Kubota Limited 498.4 -88.4 19.7 -81.9 347.8 Q1FY27 AM CE Unallocated Q2FY27 EBIT 8 Q2 - QoQ Revenue up by 1.7%; EBIT down by 30.2% 02-11-2026 3,178.9 -76.4 116.6 12.3 3,231.4 Q1FY27 AM CE Unallocated Q2FY27 Revenue Increase Decrease Total EBIT Key Highlights • Operating leverage in CE Segment • Adverse commodity prices • Lower non-operating income ₹ Cr. ₹ Cr. Revenue Key Highlights • Agri Machinery • Tractor Sales down by 7.7% at 34,017 units • Non tractor sales up 280 bps. • Construction Equipment Sales up by 31.3% at 1,764 units Standalone Continuing Operations Financials rounded off to nearest single decimal
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Escorts Kubota Limited 902-11-2026 ₹ 23.18 Earning Per Share 10.9% Return on Capital Employed (Annualized) ~95% Capacity Utilization Tractors ~62% Capacity Utilization Construction Equipment Q2FY27 Standalone Highlights –EKL at a Glance Standalone Financials 8.0% Return on Equity (Annualized)
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Escorts Kubota Limited Particulars Industry Growth EKL Growth Variance Domestic Tractor Volume 8.0% 11.3% 3.3% Export Tractor Volume 16.8% -14.8% -31.6% Total Tractor Volume 8.7% 10.0% 1.2% PNC Volume 40.3% 45.2% 4.9% BHL Volume 12.8% 5.9% -6.9% Mini Excavator 52.4% 52.6% 0.2% Compactor Volume 39.3% -66.7% -105.9% Served Construction Equipment Volume* 21.1% 41.2% 20.1% Standalone Highlights – H1FY27 YoY 10% rounded off to nearest single decimal *include- PNC Cranes, Backhoe loaders, Mini Excavators and Compactors 02-11-2026
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Escorts Kubota Limited 70,879 Tractors Volumes 10.0% 3,108 Construction Equipment’s Volume 41.2% ₹ 6,410.3 Crore Revenue from Operations 21.9% ₹ 647.8 Crore EBIDTA -5.9% ₹ 837.9 Crore Profit Before Tax and Exceptional Items -1.3% H1FY27 Standalone Highlights (Continuing Operations) EKL at a Glance 11% rounded off to nearest single decimalUp Down ₹ 642.4 Crore PAT* 2.2% * H1FY26 PAT excluding gain of ₹ 65.10 Crore on sale of certain land and building. 02-11-2026
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Escorts Kubota Limited Unit H1FY27 H1FY26 Variance Revenue from Operations ₹ Cr. 6,410.3 5,260.8 21.9% Material Cost % 72.9 69.2 368 bps Manpower Cost % 6.8 7.3 -57 bps EBIDTA ₹ Cr. 647.8 688.2 -5.9% EBIDTA Margin % 10.1 13.1 -298 bps Other Income ₹ Cr. 330.3 289.2 14.2% PBT Excluding Exceptional Items ₹ Cr. 837.9 849.0 -1.3% PAT Excluding Exceptional Items ₹ Cr. 642.4 628.7 2.2% PAT (Reported) ₹ Cr. 642.4 693.8 -7.4% EPS ₹ 58.38 63.07 -7.4% PBT ₹ Cr. - 1,203.1 PAT ₹ Cr. - 1,027.6 EPS ₹ - 93.41 PAT ₹ Cr. 642.4 1,721.4 EPS ₹ 58.38 156.48 Continuing OperationsDiscontinued Operations Particulars Total H1 Standalone Highlights – P&L at a Glance Standalone Financials 12% rounded off to nearest single decimal04-11-2025 Negative Positive H1FY26 included the divestment of the RED business, as well as an exceptional gain from the sale of land and building. Accordingly, Net Profit After Tax (PAT) including discontinued operations for H1FY27 is not directly comparable with H1FY26
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Escorts Kubota Limited 856.9 -79.7 34.6 34.4 846.2 H1FY26 AM CE Unallocated H1FY27 EBIT Revenue Key Highlights • Agri Machinery • Tractor Sales up by 10.0% to 70,879 units • Non Tractor sales up by 281 bps. • Construction Equipment Sales up by 41.2% to 3,108 units 5,260.8 842.2 316.3 -9.0 6,410.3 H1FY26 AM CE Unallocated H1FY27 Revenue (YoY) Increase Decrease Total EBIT Key Highlights • Operating Leverage in CE Segment. • Adverse commodity prices. • Higher non-operating income. ₹ Cr. ₹ Cr. H1FY27 - YoY Revenue up by 18.8%; EBIT down by 4.7% (Continuing Operations) 13Standalone Continuing Operations Financials04-11-2025 rounded off to nearest single decimal
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Escorts Kubota Limited ₹ 58.38 Earning Per Share 13.4% Return on Capital Employed With Investment H1FY27 Standalone Highlights –EKL at a Glance ~90% Capacity Utilization Tractors ~54% Capacity Utilization Construction Equipment 10.2% Return on Equity 1404-11-2025 Standalone Financials
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Escorts Kubota Limited 15 Segment Wise Performance Escorts Kubota Limited02-11-2026
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Escorts Kubota Limited 16 Segmental Revenue Contribution XX% Segmental Contribution to total Operating revenue04-11-2025 88% 83% 88% 85% 12% 17% 12% 15% Q2FY26 Q2FY27 H1FY26 H1FY27 Agri Machinery Products Construction Equipments 3,231.42,777.4 Revenue in ₹. Crore % of Revenue 6,410.35,260.8
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Escorts Kubota Limited 1702-11-2026 Agri Solution Engine Spare Parts and Service Agri Machinery Products Non-Tractor Business Tractor Business Global Sourcing
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Escorts Kubota Limited 18 Tractor Industry and EKL Tractor Business Q2 Growth De-Growth02-11-2026 rounded off to nearest single decimal 2.75 2.66 Q2FY26 Q2FY27 -3.1% YoY Domestic Industry (in Lakhs) Export Industry (in ‘000s) 25.6 29.7 Q2FY26 Q2FY27 15.9% YoY Share of Market in % 32,329 32,628 11.8% 12.2% 9.0% 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 Q2FY26 Q2FY27 0.9% YoY 1,548 1,389 6.0% 4.7% 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% 150 350 550 750 950 1,15 0 1,35 0 1,55 0 1,75 0 Q2FY26 Q2FY27 -10.3% YoY EKL Domestic Volume (Nos.) EKL Export Volume (Nos.)
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Escorts Kubota Limited Tractor Industry and EKL Tractor Business H1 5.61 6.06 H1FY26 H1FY27 8.0% YoY Domestic Industry (in Lakhs) Export Industry (in ‘000s) 50.9 59.4 H1FY26 H1FY27 16.8% YoY 61,177 68,085 10.9% 11.2% 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 H1FY26 H1FY27 11.3% YoY 3,281 2,794 6.4% 4.7% 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% 200 700 1,20 0 1,70 0 2,20 0 2,70 0 3,20 0 3,70 0 H1FY26 H1FY27 -14.8% YoY EKL Domestic Volume (Nos.) EKL Export Volume (Nos.) 19Growth De-Growth02-11-2026 rounded off to nearest single decimalShare of Market in %
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Escorts Kubota Limited Particulars Unit Q2FY27 YoY (Change) QoQ (Change) H1FY27 YoY (Change) ₹ Cr. 2,690.1 10.6% -2.8% 5,456.5 18.3% % 7.8% -505 bps -298 bps 9.3% -342 bps % ~95 ~90 % 31.0% 38.6%ROCE (Annualized) Capacity Utilization Tractors Revenue EBIT 2002-11-2026 Agri Machinery Products – Segment Performance Less than 40 HP : Greater than 40 HP Tractor Sales Ratio in Q2FY27 at 31:69 as against 33:67 YoY and 32:68 QoQ and in H1FY27 at 31:69 as against 34:66 YoY . Non-Tractor : Tractor Revenue Ratio in Q2FY27 at 22:78 as against 17:83 YoY and 19:81 QoQ and in H1FY27 at 20:80 as against 17:83 YoY Export through Kubota channel of total Export volume ~50% in Q2FY27 and H1FY27. Up Down
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Escorts Kubota Limited 21 Construction Equipments 02-11-2026
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Escorts Kubota Limited Construction Equipment Business Performance 16.0 19.2 -3.0 2.0 7.0 12.0 17.0 22.0 Q2FY26 Q2FY27 19.7% YoY 28.8 34.9 H1FY26 H1FY27 21.1% YoY 2,201 3,108 1,50 0 1,70 0 1,90 0 2,10 0 2,30 0 2,50 0 2,70 0 2,90 0 3,10 0 3,30 0 H1FY26 H1FY27 41.2% YoY EKL Construction Equipment Volumes Served Industry Performance (000’s) 1,146 1,764 Q2FY26 Q2FY27 53.9% YoY 22Growth De-Growth02-11-2026 rounded off to nearest single decimal As per ICEMA
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Escorts Kubota Limited Particulars (EKL) Unit Q2FY27 YoY (Change) QoQ (Change) H1FY27 YoY (Change) PNC SOM % 43.6% 41.0% Mini Excavator SOM % 19.2% 18.7% Compactor SOM % 0.6% 0.6% BHL SOM % 0.6% 0.5% Capacity Utilization* % ~62% ~54% Revenue ₹ Cr. 536.2 58.6% 27.8% 955.8 49.4% EBIT % 7.9% 411 bps 250 bps 6.8% 206 bps 23 Construction Equipments Performance % rounded off to nearest single decimal02-11-2026 Up Down * Capacity varies across product category. Par SOM – As per ICEMA
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Escorts Kubota Limited 24 # FPI/Financial Institutions/ Banks/Insurance Companies/QIB/AIF Shareholding Pattern 02-11-2026 Shareholding Trend in % Sept’2025 Dec’2025 Mar’2026 June’2026 Sept’2026 Promoters 68.04 68.04 68.04 68.04 68.04 Institutions# 17.07 17.45 17.37 17.01 17.08 Institutions (Domestic) 11.80 12.20 11.65 10.65 10.00 Institutions (Foreign) 5.27 5.25 5.72 6.36 7.08 Public 13.23 12.85 12.94 13.30 13.24 Non-Promoter Non-Public 1.66 1.66 1.65 1.65 1.64 Total 100.00 100.00 100.00 100.00 100.00 # FPI/Financial Institutions/ Banks/Insurance Companies/QIB/AIF
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Escorts Kubota Limited Unit Q2FY27 Q2FY26 Q1FY27 YoY (Change) QoQ (Change) Revenue from Operations ₹ Cr. 3,243.4 2,791.6 3,207.6 16.2% 1.1% Material Cost % 72.8% 69.3% 72.7% 352 bps 9 bps Manpower Cost % 7.3% 7.4% 6.6% -10 bps 77 bps EBIDTA ₹ Cr. 288.0 359.7 354.5 -19.9% -18.7% EBIDTA Margin % 8.9% 12.9% 11.1% -401 bps -217 bps Other Income ₹ Cr. 123.4 134.3 207.8 -8.1% -40.6% PBT ₹ Cr. 338.7 427.3 492.1 -20.7% -31.2% PAT ₹ Cr. 250.2 318.1 385.9 -21.3% -35.2% EPS ₹ 22.7 28.9 35.1 -21.4% -35.2% Particulars 25 Q2 Consolidated Highlights – P&L at a Glance % rounded off to nearest single decimal02-11-2026 Negative Positive
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Escorts Kubota Limited Unit H1FY27 H1FY26 YoY (Change) Revenue from Operations ₹ Cr. 6,451.0 5,291.6 21.9% Material Cost % 72.7% 69.2% 354 bps Manpower Cost % 6.9% 7.5% -53 bps EBIDTA ₹ Cr. 642.5 681.1 -5.7% EBIDTA Margin % 10.0% 12.9% 291 bps Other Income ₹ Cr. 331.3 290.4 14.1% PBT Excluding Exceptional Items ₹ Cr. 830.9 841.2 -1.2% PAT Excluding Exceptional Items ₹ Cr. 636.2 622.5 2.2% PAT (Reported) ₹ 636.2 687.6 -7.5% EPS ₹ 57.8 62.5 -7.5% PBT ₹ Cr. - 1,203.1 -100.0% PAT ₹ Cr. - 1,027.6 -100.0% EPS ₹ - 93.41 -100.0% PAT ₹ Cr. 636.2 1,715.2 EPS ₹ 57.82 155.92 Continuing OperationsDiscontinued OperationsTotal Particulars 26 H1FY Consolidated Highlights – P&L at a Glance % rounded off to nearest single decimal04-11-2025 Negative Positive H1FY26 included the divestment of the RED business, as well as an exceptional gain from the sale of land and building. Accordingly, Net Profit After Tax (PAT) including discontinued operations for H1FY27 is not directly comparable with H1FY26
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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. • Q2FY26 – Represents the 3 months period from 1st July 2025 to 30th September 2025. • Q1FY27 – Represents the 3 months period from 1st April 2026 to 30th June 2026 • Q2FY27 – Represents the 3 months period from 1st July 2026 to 30th September 2026. • EBITDA - Earnings Before Interest, Depreciation amortization & 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. 27 • 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 • FTES - Farmtrac Tractors Europe SP Z.o.o • ADICO - Adico Escorts Agri Equipment Private Limited • FT – Farmtrac PT - Powertrac KBT – Kubota • QoQ – Represents Quarter on Quarter • YoY – Represents Year on Year • LY – Represents Last Year • CY – Represents Current Year 02-11-2026 Narrations
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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