Escorts Kubota total tractor sales (Domestic + Export) decreased by 19.8 percent during June of 2022. In the end, Escorts Kubota sold 10,051 tractor units during June of 2022 compared with 12,533 sales in June 2021.
Escorts Kubota Tractor Sales Dropped by 20% in June 2022.
Escorts Kubota’s domestic sales for June 2022 stood at 9,265 units. Tractor deliveries in June stood at 11,956 units indicating a 22.5 percent decline year-over-year in sales.
The company added, “The industry wholesalers were affected during this month in June because of the high base last year’s.
With the onset of monsoon and probably record Kharif production, as well as farmer sentiments, are likely to slowly improve.”
Escorts Kubota Tractor Sales to Exports in June 2022.
In June 2022, export tractor sales of the firm were 786 units. However, in June 2021 the exported units were at 577. The data indicates a rise in exports of the tractor by 36.2 percent.
The Escorts Kubota tractor quarterly sales total rose by 3.3 percent. It sold 26797 units during Q1 FY23 as compared with 25,935 units sold in the first quarter of FY22.
The domestic tractor sales in Q1 FY23 increased by 0.4 percent, as the total sold was 24608 units. In addition, export sales for tractors by the firm increased by 52.5 percent to reach 2,189 units in Q1 FY23.
Escorts Kubota Construction Equipment Sales in June 2022
Escorts Kubota Construction Equipment Sales in June 2022 saw a rise of 22.5 percent year over year.
The company sold 321 machines in June 2022 as compared to 262 machines that were sold at the end of June 2021.
The company added, “In June 2022, the trend of growth continued for the Construction Equipment industry due to the low base from the previous year.
With the Government’s push on infrastructure, we anticipate the growth trend to continue into the next fiscal year 2022-23.”
In addition, there is it is also worth noting that Escorts Kubota ECE recorded 966 units in the first trimester of last year.
It also recorded 606 units during the 1st quarter of the previous year, which indicates an obvious increase of 59.4 percent.
Escorts Kubota Net Gain
The company’s net income recorded a 28.1 percent decline. 190.92 crore, and a 15.7 percent decrease in revenue from performance to 1,878.51 crores.
1,878.51 billion in Q4 FY22 as compared to Q4 FY21. Escorts Kubota shares fell by 0.37 percent at 1,436.75 on the BSE.
More About Escorts Kubota Company
Escorts Kubota is a well-known Indian manufacturing and agricultural business that offers agri-machinery and material handling equipment railway equipment and construction equipment for all people of all ages.