Escorts Kubota PAT from continuing operations up 40 pc at Rs 369.5 cr in Jun qtr
PTI
Last Updated:
New Delhi, Aug 4 (PTI) Farm and construction equipment firm Escorts Kubota Ltd on Monday reported a 40 per cent rise in consolidated profit after tax from continuing operations to Rs 369.5 crore in the first quarter ended June 30, 2025.
The company had posted a consolidated profit after tax (PAT) of Rs 264.4 crore in the corresponding quarter previous fiscal, Escorts Kubota said in a statement.
Consolidated revenue from continuing operations stood at Rs 2,500.1 crore, down 2.9 per cent from Rs 2,573.7 crore in the year-ago period, it added.
In a regulatory filing, the company said its 'railway equipment' has been reclassified as discontinued operations. Its board on October 23, 2024, has approved the sale of its division engaged in the business of manufacturing, assembly, sales, servicing, research and development of railway equipment products as a going concern, on a 'slump sale' basis, for a cash consideration of Rs 1,600 crore to Sona BLW Precision Forgings Ltd.
In the agri machinery products division, tractor sales volume was 30,581 units, up 0.7 per cent against 30,370 units in the corresponding quarter a year ago, the company said.
Construction equipment sales volume stood at 1,055 units during the first quarter compared to 1,382 units in FY25, it added. PTI RKL SHW
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
August 04, 2025, 16:15 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
29 minutes ago
- Hans India
AI disruptions will be brief as reskilling drives new jobs: IT Min
New Delhi/ Bengaluru Disruptionsfrom Artificial Intelligence (AI) will be brief and new jobs will emerge, Karnataka's IT and Biotechnology Minister Priyank Kharge has said, highlighting the state's large-scale reskilling initiatives are underway to prepare talent for new-age technologies. In an interview with PTI, Kharge asserted that Karnataka retains a comfortable lead over others in technology, with strong data and performance vectors backing its position. The state encourages innovation and collaboration, ensuring 'that any entrepreneur or corporation who dreams of making it big globally, starts from Karnataka', he noted. On the issue of disruptions due to AI, the minister said, Nipuna Karnataka, the state's large-scale reskilling and upskilling initiative, aims at safeguarding and future-proofing its talent pool. 'While there might be certain job losses, new jobs will be that is why we need a massive reskilling and upskilling programme. So, there will be disruption, but the disruption will be for a brief while, until we are able to reskill and upskill people,' he said. Nipuna Karnataka is a Rs 300 crore reskilling initiative, industry-driven and industry-focused, with ambitious targets to train talent at scale, he added. In the coming financial year, the state government aims to skill individuals in key areas, like artificial intelligence, cybersecurity, digital forensics, and other technologies, in line with the global tech demands. 'We intend to scale over 5,00,000 people in the coming financial year, in artificial intelligence, cybersecurity, digital forensics, and anything that the industry might need. So, we are closely talking to them through our skill council for emerging technologies, taking their feedback, taking their curriculum, and seeing how we can ensure that we give the most affordable and most talented human resources for them. 'And this programme is just not catering to the local ecosystem, we are catering to the global ecosystem also,' Kharge noted. He said Karnataka retains its lead over others, and data ranging from IT exports to startups and GCCs play, underscores its competitive strengths. 'We are far ahead of the curve when it comes to our neighbours or neighbouring states. So, while we love competition, we are not afraid of it. It also helps us pull up our socks,' he said. As many as 20,000 startups are registered with the state government, he said, adding that of 110 unicorns, more than 45 are from Bengaluru. 'We contribute 21 per cent of the national bioeconomy, and 65 per cent of defence electronics manufacturing happens in Karnataka. And GCCs, we have close to over 800 GCCs and their units, totalling about 1,500,' Kharge said. The same trend is evident in office space demand, real estate leasing, and GCC momentum. 'Last year, we gobbled up close to around 47 per cent of the entire country's real estate for GCCs. This year, just in the last six months, 13.1 million square feet has been given only for GCCs. So, where is the competition? I don't see that,' Kharge said. The minister emphasised that the state's policies are backed by strong, actionable outcomes like the recent Quantum Roadmap. 'We are just not announcing mere policies for the sake of announcing them. So, when we keep the Karnataka quantum roadmap in front, people believe is because over the years, we have managed to build a strong foundation of skills. 'We have topped that with incubators, and we have topped up with centres of excellence across sectors. So, I run more than 25 centres of excellence from agritech to space tech. And through these, we are innovating and inventing. On top of that, we have put budgets. On top of that, we put policies,' Kharge said.
Indian Express
29 minutes ago
- Indian Express
‘Unable to accept erosion of its dominance': After India, Russia hits back at US on inflated tariffs over oil trade
Days after Trump unveiled a new set of steep tariffs, Russia on Monday responded to the US administration for increasing tariffs and imposing sanctions on the country, accusing the government of using 'neocolonial' policy against specific countries to maintain Washington's hegemony. Russia's Foreign Ministry Spokeswoman Maria Zakharova, in a statement, said no tariff wars or sanctions 'can halt the natural course of history'. Calling sanctions and restrictions a 'regrettable reality' of today's historical stage that affects the entire world, she said that the US is unable to come to terms with the 'loss of hegemony in the emerging world order.' 'Sanctions and restrictions have unfortunately become a defining feature of the current historical period, impacting countries across the globe. Unable to accept the erosion of its dominance in an emerging multipolar international order, Washington continues to pursue a neocolonial agenda, employing politically motivated economic pressure against those who choose an independent course on the international stage,' she said. Russia asserted in its statement that 'no tariff wars or sanctions can halt the natural course of history.' Zakharova further said that Russia will deepen in cooperation with countries of the Global South, and resist the 'unlawful unilateral sanctions.' The response issued by Russian Foreign Ministry came hours after India issued a strongly worded statement over US imposing inflated tariffs on New Delhi for indulging in trade with Moscow in the middle of the Russia-Ukraine war. (With inputs from PTI)
Economic Times
29 minutes ago
- Economic Times
Inox India shares in focus as Q1 PAT rises 19%, revenue up 17% YoY
Inox India also reported several operational and strategic milestones in Q1, including: Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Inox India are likely to attract investor attention on Tuesday, August 5, after the company reported a strong set of earnings for the first quarter of FY26, marked by double-digit year-on-year growth in both profit after tax (PAT) and to the company's Q1 FY26 earnings highlights, PAT rose 18.9% YoY to Rs 61 crore, while revenue grew 16.7% YoY to Rs 352 crore for the quarter ended June 2025. Operating performance remained strong, with EBITDA rising 19.4% YoY to Rs 89 continued to be a key growth driver, contributing Rs 198 crore, or 56% of total revenue, during the quarter.- Launching India's first ultra-high-purity (UHP) ammonia ISO tank container, reinforcing its position in the cryogenic engineering space.- Securing audit approvals from Heineken, the world's second-largest brewery, for its Savli-based stainless-steel keg manufacturing facility.- Winning a prestigious order from ITER (International Thermonuclear Experimental Reactor) for the refurbishment of the Cryostat Thermal Shield, a critical component of nuclear fusion infrastructure.'FY26 has begun on a strong note, with robust order inflows across all divisions. Our Industrial Gases business saw healthy growth, marked by breakthrough orders like India's first UHP Ammonia ISO containers and a pioneering CO₂ battery project. The LNG division continued its growth trajectory with the supply of a large number of LNG fuel tanks to OEMs in India. We are committed to becoming a key catalyst in the LNG mobility space and have therefore laid out plans for capacity expansion to meet rising demand for LNG fuel tanks,' said Deepak Acharya , Chief Executive Officer of Inox of Inox India closed 3% higher at Rs 1,173.80 on BSE.
