Escorts Kubota Shares Dip Despite Strong Q3 Performance

Escorts Kubota shares fell 3.1% in pre-open trade on February 11, 2025, despite reporting better-than-expected Q3 results. The company's net profit rose 9% year-on-year to ₹323.2 crore, surpassing analyst estimates of ₹288 crore. Revenue grew 8.5% to ₹2,935.4 crore, driven by a 4.5% increase in tractor sales. Despite the positive results, investors seem cautious due to margin pressures, with EBITDA margin narrowing to 11.4% from 12% a year ago. The board declared a second interim dividend of ₹10 per share, with February 14 set as the record date.

Sources: CNBC TV18, Business Standard, NDTV Profit