ESCORTS KUBOTA LTD Q1 RESULTS

Deepak Shenoy explains why he has trimmed exposure in Escorts

Deepak Shenoy says: "We have got very little in financials, very little in IT. I think those are the two areas and almost nothing in pharma in our fundamental driven strategies. And at this point, I will wait for results to finally come in. Things do not look as exciting as they were in the October news time when we saw the September quarter results come in."

Rekha Jhunjhunwala trims stake in Federal Bank in December quarter

On Tuesday, Federal Bank reported its highest-ever standalone net profit at Rs 1,007 crore for the quarter ended December, up 25% from Rs 804 crore reported in the year-ago period. Sequentially it was up 5.5% versus Rs 954 crore reported in Q2FY24.

Ahead of Market: 10 things that will decide D-Street action on Wednesday

Nifty on Tuesday ended 65 points lower to face resistance around the psychological level of 22,000. The hourly momentum indicator has triggered a negative crossover, indicating loss of momentum on the upside.

GIFT Nifty up 60 points; here's the trading setup for today's session

The rupee strengthened for the eighth consecutive session to settle with a gain of 6 paise to 82.95 against the US dollar on Friday, buoyed by a rally in domestic equity markets.

187 companies to release Q2 results on Friday. What to expect from IndiGo, Titan and Zomato

Despite a lower passenger load factor, IndiGo managed to maintain its market share in the quarter. PLF for IndiGo remained muted for the second consecutive month at 83.6%. But IndiGo being able to maintain domestic market share despite lower PLFs indicates better aircraft/pilot availability with it versus other airlines, brokerage ICICI Securities said.

Q2 results this week: Airtel, Adani Enterprises, Zomato, Tata Motors, L&T, Titan, IndiGo and others

Adani Green, DLF, TVS Motor, Marico, Tube Investments, Proctor and Gamble, Supreme Industries, APL Apollo, UPL, GMR Airports, Petronet, KPIT Technology, Nippon Life, Blue Star, DCM Shriram among others will announce their Q2 results.

Hot Stocks: Brokerages view on Adani Ports, RIL and Escorts Kubota

Meanwhile, Morgan Stanley and DAM Capital have maintained an ‘Overweight’ and ‘Buy’ views on RIL and Escorts, respectively, for these reasons.

Multibagger tracker! This Jhunjhunwala-backed auto stock turned Rs 10,000 to Rs 3.5 lakh in just 10 years

According to the shareholding pattern available with the exchanges, Excorts Kubota promoters own majority of the stake at 67.64%, while the rest of 30.40% lies with the public shareholders. Among the public shareholders, mutual funds own about 8.13% stake in the company, while foreign portfolio investors have 5.19% stake. The company is backed by Rekha Jhunjhunwala with 1.62% stake

Confidence Booster? Adani Ports among top 10 cos to see highest promoter buying in Q1

The 10 companies that saw highest buying by promoters from the open market in the last quarter, has Adani Group’s cash cow Adani Ports and Special Economic Zone at the top of the list.

Breakout Stocks: How KEC International, Escorts and BSE are looking on charts for Thursday’s trade

Stocks that were in focus include names like KEC International which pared some gains after hitting a 52-week high, Escorts Kubota also closed flat with a positive bias after hitting a fresh 52-week high and BSE pared gains and closed with a loss of nearly 1% on Wednesday.

Confident Escorts Kubota can sustain 14% margin going forward: Bharat Madan

Indian engineering conglomerate Escorts expects sustainable growth in its three core businesses for the rest of the year with its 16-17% margin forecast for the railway sector viewed as sustainable, according to CFO Bharat Madan. While it may not achieve the 20% margin seen in Q1 due to varying product mixes, expansion of demand will push growth next year. Mid-single digit growth is predicted for both the tractor and domestic industries, although subdued demand will continue in overseas markets due to general recessionary conditions.

Q1 results this week: Adani Enterprises, SBI, Maruti, Titan, Airtel, M&M & others

Major firms such as Maruti Suzuki, Titan, Bharti Airtel, and M&M among others will release their June quarter results this week. The report cards of other companies such as GAIL, Power Grid, Sun Pharma, and Adani Enterprises are also expected to be out. This week, Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda are scheduled to announce their quarterly performance.

Q1 results this week: TCS, HCL Tech, Wipro, Avenue Supermarts, Angel One and others

The June quarter earnings are seen to be weaker than expected amid uncertain and global environment and a slowdown in discretionary spending by clients

Stocks in news: L&T, Dr Reddy's, Airtel, JSW Steel, ONGC, Lupin, Godrej Consumer Products

Engineering behemoth Larsen & Toubro reported a 10% year-on-year (YoY) growth in consolidated net profit for the March quarter to Rs 3,987 crore. Consolidated revenue from operations rose 10.4% YoY to Rs 58,335.15 crore.

Escorts Kubota Q4 Results: Profit rises 14% YoY to Rs 216.5 crore

Consolidated revenues from operations in the period under review rose 17.4% to Rs 2214.5 crore. Earnings before interest, depreciation, tax and amortisation (EBIDTA) last quarter stood at Rs 233.2 crore as against Rs 248.2 crore in corresponding period of the previous fiscal.

Escorts Kubota Q4 Results: Firm posts drop in profit on higher expenses

Indian tractor manufacturer Escorts Kubota reported an 8.3% decline in Q4 net profit to INR 1.85bn ($22.6m), hurt by rising commodity prices and unexpected rainfall in March. Consensus estimates gathered by Refinitiv IBES had predicted a profit of INR 1.87bn on average. The company had posted six consecutive quarters of declining profits before this, with profit in the same period last year down 28.1%. While revenue rose almost 17% to INR 21.83bn, total expenses climbed 20.2% following a 37% surge in the cost of materials.

Q4 Results Today: What to expect from L&T, Dr Reddy’s, Godrej Consumer

Several Indian companies, including Larsen & Toubro, Godrej Consumer Products, and Dr Reddy’s Laboratories, are expected to record double-digit growth in their topline and bottomline figures for the March quarter due to healthy execution and strong order books. L&T’s core engineering business is expected to drive the topline with a healthy opening order book. Meanwhile, Revlimid, the cancer drug, is expected to have contributed significantly to growth in Dr Reddy’s US sales.

SGX Nifty up 40 points; here's what changed for market while you were sleeping

Foreign portfolio investors continued to be net buyers in the domestic market, investing Rs 1,942 crore on Tuesday. DIIs net bought shares worth Rs 405 crore.

Escorts Kubota Q3 Results: Net profit declines 7.5% to Rs 186.4 crore

Escorts also incurred a one-time expense of Rs 72.76 crore due to a loss in the sale of investment in the joint venture Tadano Escorts, it said in an exchange filing.To offset the higher costs, the company increased prices of its tractors in Nov last year. The company, however, said the price hike was undertaken after the peak sales season

Can Kubota do with Escorts what Suzuki did with Maruti in India?

"So in our medium-term business plan we are aspiring to grow 2.5 times, and that growth will not come without products, so technology is going to be one of the key focuses. So we are going to create a global research and development center, and we have also given our aspiration of setting up a Greenfield project."

Escorts Kubota Q2 Results: Net profit plunges 50% YoY to Rs 87.7 cr on higher raw material costs

Revenue from operations stood at Rs 1,883.5 crores last quarter, as against Rs 1,678.8 cores reported in the same period last fiscal. EBITDA for the quarter came at Rs 152.7 crore, compared to Rs 226.7 crore in the year-ago period due to high raw material prices and inferior product mix.

Perfect Trifecta: 7 stocks where promoters, FIIs, DIIs raised stakes in Q1

Bharat Madan on Escorts' falling market share, margin levels & Kubota synergy

“In the past, there was more focus on the margin also because in the last five, six years, the company has turned around on the profitability front. Now there will have to be a correct balance between the right level of profitability and the market share which is what the company’s mantra is going to be going forward.”