Escorts Kubota shares declined as much as 6.4% to hit a 52-week and intraday low of 2,411.60 rupees per unit on the National Stock Exchange on Monday, November 2, after the company reported a 21.35% year-on-year fall in consolidated net profit to 250 crore rupees in the second quarter of the 2026-27 financial year. In the corresponding period of the preceding fiscal year, the company had logged a profit of 318.16 crore rupees, according to a regulatory filing. The stock has lost 6% in the past week and 9% over the month, and on a year-to-date basis it has fallen 36%, hitting a 52-week high of 3,987.80 rupees per equity share on January 6, 2026.

Consolidated revenue from operations advanced 16.2% year-on-year to 3,243.41 crore rupees during the quarter under review, compared with 2,791.56 crore rupees in the September quarter of the 2025-26 fiscal year. For the first half ended September 2026, consolidated revenue came in at 6,451.0 crore rupees, up 21.9% year-on-year, as against 5,291.6 crore rupees in the corresponding period last year. EBITDA declined by 6% year-on-year to 642.5 crore rupees for the reporting period, from 681.1 crore rupees in H1 FY26.

Commenting on the earnings, the management of Escorts Kubota said profitability during the quarter was impacted by elevated commodity costs and changes in product mix. While cost pressures remained higher than anticipated, the company continues to focus on operational efficiencies and cost optimization initiatives across the business. The management further stated that, assuming a stable commodity environment from Q4 onwards, they expect margins to improve gradually from Q4 and return closer to normal levels in FY28. The product pipeline and innovation roadmap continue to support long-term growth ambitions.

Escorts Kubota Ltd reported a 10% year-on-year decline in total tractor sales to 16,921 tractors in October from 18,798 a year earlier. Domestic tractor sales fell 10.9% to 16,412 tractors compared to 18,423 units in the year-ago period. However, the company's exports rose 35.7% to 509 units in October against 375 units in the year-ago period. The industry witnessed some moderation in October 2026, impacted by a high base, shift in festive timing and monsoon-related disruptions. Elevated input costs due to geopolitical developments and consequent pricing actions may moderate demand in the near term.

At around 3:18 PM, the shares were trading 5.72% lower at 2,429 rupees apiece. Escorts Kubota has a total market capitalisation of 27,131.47 crore rupees as of November 2, 2026, according to data on the NSE. The company reported a 21.35% year-on-year fall in consolidated net profit to 250 crore rupees in Q2 FY27, compared with 318.16 crore rupees in the year-ago period. Consolidated revenue from operations advanced 16.2% YoY to 3,243.41 crore rupees during the quarter under review, compared with 2,791.56 crore rupees in the September quarter of the 2025-26 fiscal year. The management expects margins to improve gradually from Q4 and return closer to normal levels in FY28 assuming a stable commodity environment.