Escorts Kubota rides high on reporting 2- fold jump in Q1 consolidated net profit
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Escorts Kubota is currently trading at Rs. 2589.80, up by 28.45 points or 1.11% from its previous closing of Rs. 2561.35 on the BSE.
The scrip opened at Rs. 2576.00 and has touched a high and low of Rs. 2676.25 and Rs. 2529.60 respectively. So far 55557 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2676.25 on 02-Aug-2023 and a 52 week low of Rs. 1604.50 on 02-Aug-2022.
Last one week high and low of the scrip stood at Rs. 2676.25 and Rs. 2421.75 respectively. The current market cap of the company is Rs. 28682.03 crore.
The promoters holding in the company stood at 67.64%, while Institutions and Non-Institutions held 15.46% and 16.90% respectively.
Escorts Kubota has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported 91.80% rise in its net profit at Rs 282.81 crore for the quarter under review as compared to Rs 147.45 crore for the same quarter in the previous year. Total income of the company increased by 18.14% at Rs 2422.25 crore for Q1FY24 as compared Rs 2050.29 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 2- fold jump in net profit at Rs 289.89 crore for the first quarter ended June 30, 2023 as compared to Rs 140.59 crore for the same quarter in the previous year. Total income of the company increased by 18.47% at Rs 2449.52 crore for Q1FY24 as compared Rs 2067.58 crore for the corresponding quarter previous year.
