Escorts Kubota Limited · NSE:ESCORTS
Escorts Kubota — Q2 FY2027 Earnings Presentation
29 slides from Escorts Kubota's earnings presentation, Nov 2, 2026
Slide 1: Cover letter to BSE and NSE
November 02, 2026 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: Copy of Earning Presentation Dear Sir/ Ma’am, Please find enclosed herewi
Slide 2: Q2FY27 Earning Presentation
Q2FY27 | EARNING PRESENTATION 2nd November 2026 BSE: 500495 | NSE: ESCORTS 02-11-2026 Escorts Kubota Limited 1
Slide 3: Contents
CONTENTS 01 02 03 Q2 Standalone H1 Standalone Segment Wise Highlights Highlights Performance 04 05 06 Shareholding Q2/H1 Annexure & Pattern Consolidated Narrations Highlights 02-11-2026 Escorts Kubota Limited 2
Slide 4: 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 5: Q2 Standalone Highlights – Q2FY27 YoY
Q2 Standalone Highlights – Q2FY27 YoY Industry EKL Particulars Variance Growth Growth 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% Compa
Slide 6: Q2 Standalone Highlights – EKL at a Glance
Q2 Standalone Highlights EKL at a Glance 34,017 1,764 ₹ 3,231.4 Crore Tractors Volumes Construction Equipment’s Volume Revenue from Operations 0.4% -7.7% 53.9% 31.3% 16.3% 1.7% (Y-o-Y) (Q-o-Q) (Y-o-Y) (Q-o-Q) (Y-o-Y) (Q-o-Q) ₹ 292.4 Crore ₹ 344.0 Crore ₹ 255.0 Crore EBIDTA Profit Before Tax Profit A
Slide 7: Q2 Standalone Highlights – P&L at a Glance
Q2 Standalone Highlights – P&L at a Glance YoY QoQ Particulars Unit Q2FY27 Q2FY26 Q1FY27 (Change) (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% -
Slide 8: Q2 YoY Revenue up by 16.3%; EBIT down by 20.1%
Q2 - YoY Revenue up by 16.3%; EBIT down by 20.1% ₹ Cr. Revenue 198.1 3,231.4 Revenue Key Highlights 257.2 -1.3 2,777.4 • 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 Q2FY26 AM CE Unallocated Q2F
Slide 9: Q2 QoQ Revenue up by 1.7%; EBIT down by 30.2%
Q2 - QoQ Revenue up by 1.7%; EBIT down by 30.2% ₹ Cr. Revenue 3,178.9 116.6 12.3 3,231.4 Revenue Key Highlights -76.4 • 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 Q1FY27 AM CE Unallocated Q2FY2
Slide 10: Q2FY27 Standalone Highlights – EKL at a Glance
Q2FY27 Standalone Highlights –EKL at a Glance ₹ 23.18 10.9% 8.0% Return on Capital Employed Return on Equity Earning Per Share (Annualized) (Annualized) ~95% ~62% Capacity Utilization Capacity Utilization Tractors Construction Equipment 02-11-2026 Standalone Financials Escorts Kubota Limited 9
Slide 11: Standalone Highlights – H1FY27 YoY
Standalone Highlights – H1FY27 YoY Industry EKL Particulars Variance Growth Growth 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
Slide 12: H1FY27 Standalone Highlights – EKL at a Glance
H1FY27 Standalone Highlights (Continuing Operations) EKL at a Glance 70,879 3,108 ₹ 6,410.3 Crore Tractors Volumes Construction Equipment’s Volume Revenue from Operations 10.0% 41.2% 21.9% ₹ 647.8 Crore ₹ 837.9 Crore ₹ 642.4 Crore EBIDTA Profit Before Tax and Exceptional Items PAT* -5.9% -1.3% 2.2%
Slide 13: H1 Standalone Highlights – P&L at a Glance
H1 Standalone Highlights – P&L at a Glance Particulars 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 Continuing Operations ₹ Cr. 647.8 688.2 -5.9% EBIDTA Margin % 10.1 13.1 -298 bps Other Incom
Slide 14: H1FY27 YoY Revenue up by 18.8%; EBIT down by 4.7%
H1FY27 - YoY Revenue up by 18.8%; EBIT down by 4.7% (Continuing Operations) ₹ Cr. Revenue (YoY) 842.2 316.3 6,410.3 -9.0 5,260.8 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 H1FY26
Slide 15: H1FY27 Standalone Highlights – EKL at a Glance
H1FY27 Standalone Highlights –EKL at a Glance ₹ 58.38 13.4% 10.2% Earning Per Share Return on Capital Employed Return on Equity With Investment ~90% ~54% Capacity Utilization Capacity Utilization Tractors Construction Equipment 04-11-2025 Standalone Financials Escorts Kubota Limited 14
Slide 16: Segment Wise Performance
Segment Wise Performance 02-11-2026 Escorts Kubota Limited 15
Slide 17: Segmental Revenue Contribution
Segmental Revenue Contribution Revenue in 2,777.4 3,231.4 5,260.8 6,410.3 ₹. Crore 12% 12% 15% 17% % of Revenue 88% 88% 85% 83% Q 2 F Y2 6 Q 2 F Y2 7 H 1 F Y2 6 H 1 F Y2 7 Agri Machinery Products Construction Equipments 04-11-2025 XX% Segmental Contribution to total Operating revenue Escorts Kubota
Slide 18: Agri Machinery Products
Agri Machinery Products Tractor Business Non-Tractor Business Agri Solution Engine Spare Parts and Service Global Sourcing 02-11-2026 Escorts Kubota Limited 17
Slide 19: Tractor Industry and EKL Tractor Business Q2
Tractor Industry and EKL Tractor Business Q2 45,000 15 .0% Domestic Industry (in Lakhs) EKL Domestic Volume (Nos.) 40,000 14 .0% -3.1% YoY 2.75 35,000 2.66 0.9% YoY 30,000 32,329 32,628 13 .0% 12.2% 25,000 12 .0% 20,000 11.8% 15,000 11 .0% 10,000 10 .0% 5,000 - 9.0% Q2FY26 Q2FY27 Q2FY26 Q2FY27 Expor
Slide 20: Tractor Industry and EKL Tractor Business H1
Tractor Industry and EKL Tractor Business H1 80,000 19 .0% Domestic Industry (in Lakhs) EKL Domestic Volume (Nos.) 17 .0% 70,000 8.0% YoY 11.3% YoY 6.06 68,085 15 .0% 5.61 60,000 61,177 13 .0% 50,000 10.9% 11.2% 11 .0% 40,000 9.0% 30,000 7.0% 20,000 5.0% H1FY26 H1FY27 H1FY26 H1FY27 Export Industry (
Slide 21: Agri Machinery Products – Segment Performance
Agri Machinery Products – Segment Performance YoY QoQ YoY Particulars Unit Q2FY27 (Change) (Change) H1FY27 (Change) Revenue ₹ Cr. 2,690.1 10.6% -2.8% 5,456.5 18.3% EBIT % 7.8% -505 bps -298 bps 9.3% -342 bps Capacity Utilization Tractors % ~95 ~90 ROCE (Annualized) % 31.0% 38.6% Less than 40 HP :
Slide 22: Construction Equipments
Construction Equipments 02-11-2026 Escorts Kubota Limited 21
Slide 23: Construction Equipment Business Performance
Construction Equipment Business Performance 22.0 Served Industry Performance (000’s) As per ICEMA 17.0 19.7% YoY 19.2 21.1% YoY 16.0 12.0 34.9 7.0 28.8 2.0 Q2FY26 Q2FY27 -3.0 H1FY26 H1FY27 EKL Construction Equipment Volumes 3,30 0 53.9% YoY 3,10 0 1,764 2,90 0 3,108 2,70 0 41.2% YoY 2,50 0 1,146 2,3
Slide 24: Construction Equipments Performance
Construction Equipments Performance YoY QoQ YoY Particulars (EKL) Unit Q2FY27 (Change) (Change) H1FY27 (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.
Slide 25: Shareholding Pattern
Shareholding Pattern 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
Slide 26: Q2 Consolidated Highlights – P&L at a Glance
Q2 Consolidated Highlights – P&L at a Glance YoY QoQ Particulars Unit Q2FY27 Q2FY26 Q1FY27 (Change) (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 -
Slide 27: H1FY Consolidated Highlights – P&L at a Glance
H1FY Consolidated Highlights – P&L at a Glance YoY Particulars Unit H1FY27 H1FY26 (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 Continuing Operations EBIDTA ₹ Cr. 642.5 681.1 -5.7% EBIDTA Margin % 10.0% 12.9% 291 bp
Slide 28: Narrations
Narrations • EKL - Escorts Kubota Limited • AG – Agri Machinery Products • FY – Fiscal Year represents the 12 months period from 1st April to 31st • CE – Construction Equipment March. • RED – Railway Equipment • Q2FY26 – Represents the 3 months period from 1st July 2025 to 30th • BHL – Backhoe Loade
Slide 29: Contact Details
Contact Details Prateek Singhal Investor Relations & ESG Escorts Kubota Ltd. (CIN: L74899HR1944PLC039088) Corporate Centre 15/5 Mathura Road, Faridabad – 121003 Email - [email protected] | Phone: +91 129 2564921 | www.escortskubota.com Escorts Kubota Limited