Escorts Kubota Limited · NSE:ESCORTS
Escorts Kubota — Q3 FY25 Earnings Presentation
36 slides from Escorts Kubota's earnings presentation, Feb 10, 2025
Slide 1: Intimation of Earning Presentation
Escorts Kubota Limited February 10, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400001 Bandra East, Mumbai – 400051 BSE – 500495 NSE - ESCORTS Sub: Intimation of Earning Presentation Dear Sir/ Ma’am
Slide 2: Q3 FY25 Earning Presentation
Q3 FY25 | EARNING PRESENTATION 10th February 2025 BSE: 500495 | NSE: ESCORTS 10-02-2025 Escorts Kubota Limited 1
Slide 3: Contents
CONTENTS 01 02 03 04 Company Q3 Standalone 9M Standalone Segment Wise Overview Highlights Highlights Performance 05 06 07 Shareholding Q3/9M Annexure & Pattern Consolidated Narrations Highlights 10-02-2025 Escorts Kubota Limited 2
Slide 4: Please Note
Please Note Escorts Kubota Limited 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 C
Slide 5: Q3 Standalone Highlights – Q3FY25 YoY
Q3 Standalone Highlights – Q3FY25 YoY Industry EKL Particulars Variance Growth Growth Domestic Tractor Volume 13.5% 6.0% -7.4% Export Tractor Volume 3.9% -29.2% -33.1% Total Tractor Volume 12.7% 4.5% -8.2% PNC Volume 4.2% 3.0% -1.2% BHL Volume 17.7% -31.1% -48.8% Mini Excavator 26.1% 3.8% -22.3% Com
Slide 6: Q3 Standalone Highlights (Continuing Operations)
Q3 Standalone Highlights (Continuing Operations) EKL at a Glance 32,556 1,989 ₹ 2,935.4 Crore Tractors Volumes Construction Equipment’s Volume Revenue from Operations 4.5% 25.2% -0.9% 42.7% 8.5% 29.6% (Y-o-Y) (Q-o-Q) (Y-o-Y) (Q-o-Q) (Y-o-Y) (Q-o-Q) ₹ 335.3 Crore ₹ 290.5 Crore ₹ 323.2 Crore EBIDTA Pr
Slide 7: Q3 Standalone Highlights – P&L at a Glance
Q3 Standalone Highlights – P&L at a Glance YoY QoQ Particulars Unit Q3FY25 Q3FY24 Q2FY25 (Change) (Change) Revenue from Operations ₹ Cr. 2,935.4 2,706.4 2,264.9 8.5% 29.6% Material Cost % 73.1 72.5 69.6 57 bps 344 bps Manpower Cost % 6.8 6.4 8.2 32 bps -146 bps Continuing Operations EBIDTA ₹ Cr. 335
Slide 8: Q3 YoY Revenue up by 8.5%; EBIT up by 4.2%
Q3 - YoY Revenue up by 8.5%; EBIT up by 4.2% (Continuing Operations) ₹ Cr. Revenue 207.7 20.2 1.2 2,935.4 Revenue Key Highlights 2,706.4 • Tractor Sales up by 4.5% at 32,556 units • Construction Equipment Sales down by 0.9% at 1,989 units Q3FY24 AM CE Unallocated Q3FY25 Increase Decrease Total EBIT
Slide 9: Q3 QoQ Revenue up by 29.6%; EBIT up by 33.5%
Q3 - QoQ Revenue up by 29.6%; EBIT up by 33.5% (Continuing Operations) ₹ Cr. Revenue 532.5 135.8 2.3 2,935.4 2,264.9 Revenue Key Highlights • Tractor Sales up by 25.2% at 32,556 units • Construction Equipment Sales up by 42.7% at 1,989 units Q2FY25 AM CE Unallocated Q3FY25 Increase Decrease Total EB
Slide 10: Q3FY25 Standalone Highlights – EKL at a Glance
Q3FY25 Standalone Highlights –EKL at a Glance ₹ 29.39 17.0% 12.9% Earning Per Share Return on Capital Employed Return on Equity (Annualized) (Annualized) ~60% ~95% Capacity Utilization Capacity Utilization Tractors Construction Equipment The board of directors have declared interim dividend of ₹ 10.
Slide 11: 9M Standalone Highlights – 9MFY25 YoY
9M Standalone Highlights – 9MFY25 YoY Industry EKL Particulars Variance Growth Growth Domestic Tractor Volume 4.9% 0.5% -4.4% Export Tractor Volume -0.1% -26.2% -26.0% Total Tractor Volume 4.4% -0.8% -5.2% PNC Volume -5.1% -5.4% -0.3% BHL Volume 7.9% -16.5% -24.4% Mini Excavator 5.6% -10.2% -15.8% C
Slide 12: 9M Standalone Highlights (Continuing Operations)
9M Standalone Highlights (Continuing Operations) EKL at a Glance 88,921 4,765 ₹ 7,756.7 Crore Tractors Volumes Construction Equipment’s Volume Revenue Operations -0.8% -8.1% 4.2% ₹ 885.0 Crore ₹ 859.3 Crore ₹ 953.4 Crore EBIDTA Profit After Tax Profit After Tax (Including Discontinued Operations) 5.
Slide 13: 9M Standalone Highlights – P&L at a Glance
9M Standalone Highlights – P&L at a Glance Particulars Unit 9MFY25 9MFY24 Variance Revenue from Operations ₹ Cr. 7,756.7 7,441.1 4.2% Material Cost % 71.3 71.7 -40 bps Manpower Cost % 7.2 6.9 27 bps Continuing Operations EBIDTA ₹ Cr. 885.0 842.1 5.1% EBIDTA Margin % 11.4 11.3 9 bps Other Income ₹ Cr
Slide 14: 9M YoY Revenue up by 4.2%; EBIT up by 7.0%
9M - YoY Revenue up by 4.2%; EBIT up by 7.0% (Continuing Operations) ₹ Cr. Revenue (YoY) 351.8 7,756.7 7,441.1 -36.2 -0.1 Revenue Key Highlights • Tractor Sales down by 0.8% to 88,921 units • Construction Equipment Sales down by 8.1% to 4,765 units 9MFY24 AM CE Unallocated 9MFY25 Increase Decrease T
Slide 15: 9MFY25 Standalone Highlights – EKL at a Glance
9MFY25 Standalone Highlights –EKL at a Glance ₹ 86.72 15.5% 13.0% Earning Per Share Return on Capital Employed Return on Equity (Annualized) (Annualized) ~70% ~75% Capacity Utilization Capacity Utilization Tractors Construction Equipment Standalone Financials % rounded off to nearest single decimal
Slide 16: Segment Wise Performance
Segment Wise Performance 10-02-2025 Escorts Kubota Limited 15
Slide 17: Segmental Revenue Contribution
Segmental Revenue Contribution Revenue in 2,935.4 2,706.1 2,264.9 7,756.7 7,441.1 ₹. Crore 18% 18% 17% 16% 18% % of Revenue 82% 82% 83% 84% 82% Q3FY25 Q3FY24 Q2FY25 9MFY25 9MFY24 Agri Machinery Products Construction Equipments XX% Segmental Contribution to total Operating revenue 10-02-2025 Escorts
Slide 18: Agri Machinery Products
Agri Machinery Products Tractor Business Non-Tractor Business Agri Solution Engine Spare Parts and Service Global Sourcing 10-02-2025 Escorts Kubota Limited 17
Slide 19: Recent Products Launch – Tractor Business
Recent Products Launch – Tractor Business C l(1Jl)')t'l Escorts Kubota Limited F,.O..Fl'I Vl~Fl~C: -------- FAAIVIT'RAC l='ARJVITRAC 39 FARIVITAAC 1 4."llii:jj( 2 FA.RIVl"TR'.A.C: 47 LKIi■~ 391HIP CAT I 2W □ L2 45· · ~ 47 HP - 2WDl4WD 42 HIP-2WDl4WO 45 HP - 2WDl4WD Market Segmentation : 31-50 HP PRO
Slide 20: Recent Products Showcase – Agri Solution Business
Recent Products Showcase – Agri Solution Business Full-feed Track Half-feed Track Combine Straw Reaper Combine Ride-on Rice Orange Rotavator Transplanter 10-02-2025 Escorts Kubota Limited 19
Slide 21: Tractor Industry
Tractor Industry Domestic Industry (in Lakhs) 4.9% YoY 13.5% YoY 7.4 2.7 27.0% QoQ 7.0 2.4 2.1 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 80.0(in ‘000s) Export Industry 70.0 -0.1% YoY -9.6% QoQ 71.4 71.3 24.5 60.0 50.0 3.9% YoY 22.1 40.0 21.3 30.0 20.0 10.0 - Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 rounded off t
Slide 22: EKL Tractor Business
EKL Tractor Business 34,0 00 Domestic 94,0 00 0.5% YoY 15. 0% 14. 8% 6.0% YoY 84,0 00 29,0 00 31,585 85,371 85,762 29,784 27.5% QoQ 14. 0% 74,0 00 13. 8% 24,0 00 64,0 00 24,768 12.7% 13. 0% 12. 8% 12.1% 54,0 00 19,0 00 11.8% 11.8% 11.6% 44,0 00 12. 0% 11. 8% 14,0 00 34,0 00 24,0 00 11. 0% 10. 8% 9,0
Slide 23: Agri Machinery Products – Segment Performance
Agri Machinery Products – Segment Performance YoY QoQ YoY Particulars Unit Q3FY25 (Change) (Change) 9MFY25 (Change) Revenue ₹ Cr. 2,416.6 9.4% 28.3% 6,472.5 5.7% EBIT % 10.4% -161 bps 130 bps 10.5% -63 bps Capacity Utilization Tractors % ~60 ~70 ROCE (Annualized) % 32.9% 29.1% Exclusive Dealers fo
Slide 24: Construction Equipments
Construction Equipments ~ or~~~?t'l NA PREFERRED PART o a Limited Construct· ion Eq uipment • 10-02-2025 Escorts Kubota Limited 23
Slide 25: Construction Equipment Business Performance
Construction Equipment Business Performance Served Industry Performance (000’s) 14.5% YoY 22.8 5.2% YoY 54.3 37.2% QoQ 19.9 51.7 16.6 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 EKL Construction Equipment Volumes 5,50 0 5,183 -8.1% YoY 5,00 0 -0.9% YoY 2,008 1,989 4,50 0 4,765 42.7% QoQ 4,00 0 1,394 3,50 0 3
Slide 26: Recent Products Launches BLX75 Hydra 12
Recent Products launches BLX75 Hydra 12 Backhoe Loader Longer Steering Cylinder | Pneumatically actuated brakes | Xcellent Heavy duty straight axle with constant mesh transmission Performance | Safety | Operator Comfort | Durability gear box (8F+2R) | Heavy duty Cerametallic Clutch | Negative Luffin
Slide 27: Recent Products Upgrade
Recent Products Upgrade CEV Stage V compliant product range 10-02-2025 Escorts Kubota Limited 26
Slide 28: Construction Equipments Performance – Q3/9MFY25 Highlights
Construction Equipments Performance – Q3/9MFY25 Highlights YoY QoQ YoY Particulars (EKL) Unit Q3FY25 (Change) (Change) 9MFY25 (Change) PNC SOM % 40.2% 39.9% Mini Excavator SOM % 21.3% 18.1% Compactor SOM % 5.1% 4.4% BHL SOM % 0.6% 0.9% Capacity Utilization* % ~95 ~70 Revenue ₹ Cr. 515.7 4.1% 35.7% 1
Slide 29: Railway Equipments
Railway Equipments (Discontinued Operations) Mobility Solu ' ENSURING SAFETY AND COMFORT IN RAIL TRANSPORT - --- . . - -- -- - ------· - . . ------ - - - 10-02-2025 Escorts Kubota Limited 28
Slide 30: Railway Equipments Performance – Q3/9MFY25 Highlights
Railway Equipments Performance – Q3/9MFY25 Highlights Discontinued Operations YoY QoQ YoY Particulars (EKL) Unit Q3FY25 (Change) (Change) 9MFY25 (Change) Revenue ₹ Cr. 200.4 -2.2% -5.1% 656.3 -11.0% PAT ₹ Cr. 32.7 8.5% -1.1% 94.1 -12.1% Order Book at the end of Dec 2024 stands at ₹ 890 Crore, exclud
Slide 31: Shareholding Pattern
Shareholding Pattern Shareholding Trend in % Dec'2023 Mar'2024 June'2024 Sept'2024 Dec'2024 Promoters 67.64 67.64 67.64 68.04 68.04 Institutions# 15.55 15.61 16.81 16.54 16.10 Public 14.91 14.89 13.82 13.73 14.18 Non-Promoter Non-Public 1.90 1.86 1.73 1.70 1.68 Total 100.00 100.00 100.00 100.00 100.
Slide 32: Q3 Consolidated Highlights – P&L at a Glance
Q3 Consolidated Highlights – P&L at a Glance YoY QoQ Particulars Unit Q3FY25 Q3FY24 Q2FY25 (Change) (Change) Revenue from Operations ₹ Cr. 2,948.0 2,727.6 2,277.3 8.1% 29.5% Material Cost % 73.0% 72.4% 69.6% 59 bps 343 bps Manpower Cost % 6.9% 6.5% 8.4% 40 bps -146 bps Continuing Operations EBIDTA ₹
Slide 33: 9M Consolidated Highlights – P&L at a Glance
9M Consolidated Highlights – P&L at a Glance YoY Particulars Unit 9MFY25 9MFY24 (Change) Revenue from Operations ₹ Cr. 7,799.0 7,502.9 3.9% Material Cost % 71.3% 71.7% -41 bps Manpower Cost % 7.3% 7.0% 34 bps Continuing Operations EBIDTA ₹ Cr. 877.8 845.3 3.8% EBIDTA Margin % 11.3% 11.3% -1 bps Othe
Slide 34: Narrations
Narrations • EKL - Escorts Kubota Limited • AG – Agri Machinery Products • FY – Fiscal Year represents the 12 months period from 1st • CE – Construction Equipment April to 31st March. • RED – Railway Equipment • Q3FY24 – Represents the 3 months period from 1st October • BHL – Backhoe Loader 2023 to
Slide 35: Safe Harbor
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 tha
Slide 36: Thank You
THANK YOU 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 10-02-2025 Escorts Kubota Limited 35