₹3000 stock declares ₹10 per share dividend. Record date fixed on THIS date
Tractor manufacturing company Escorts Kubota will trade ex-date and record date on February 14, 2025. Previously, the company declared a 100 per cent dividend per share for the financial year 2024-25.
Tractor manufacturing company Escorts Kubota will trade ex-date and record date on February 14, 2025. Previously, the company declared a 100 per cent dividend per share for the financial year 2024-25.
“We wish to inform you that the Board of Directors of the Company, at its meeting held today i.e. February 10, 2025, has declared the payment of Interim Dividend of ₹ 10/- (100%) per fully paid-up equity share of Rs. 10/- each for the financial year 2024-25,” the company said in an exchange filing.
Escorts Kubota share price witnessed a 5 per cent decline on Tuesday's trading session, February 11, following the company's weak earnings report and a pessimistic outlook.
Escorts Kubota's Q3 FY25 results
Escorts Kubota posted a 9 per cent increase in third-quarter profit, reaching ₹323 crore, up from ₹298 crore in the same period last year, aligning with the projected ₹324 crore.
Revenue grew by 9 per cent to ₹2,935 crore, compared to ₹2,706 crore last year, but remained below the estimated ₹3,129 crore.
EBITDA saw a 3 per cent rise to ₹335 crore from ₹326 crore, though it fell short of the expected ₹390 crore.
Margins declined to 11.4 per cent, down from 12 per cent a year ago.
Management anticipates margin improvement within the next 3-4 months, though external factors such as market conditions and the upcoming monsoon season may influence this.
Higher discounting levels during the festive season contributed to margin pressure.
Going forward, the company maintains a cautious outlook, expecting stable profitability over the next year rather than a sharp increase. It also intends to transfer the costs associated with the BS5 transition to customers, though persistent cost pressures could make price increases difficult.
The management noted that festive season discounts put pressure on margins, while higher commodity prices further reduced profitability by 0.5 per cent in Q3.
Around 10:30 PM, the company's shares were trading at ₹3,164 on the NSE, marking a 4.2 per cent decline from the previous close. Over the past three months, Escorts Kubota's shares have dropped by more than 12 per cent.
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