Transcript of Earning Conference Call held on August 03, 2026

August 06, 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: Transcript of Earning Conference Call held on August 03, 2026 Dear Sir/ Ma’am, Pursuant to Regulation 30 read with Para A(15) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the conference call held on August 03, 2026, for discussing the earning performance of the Company for the quarter ended June 30, 2026. The same has been uploaded on the Company’s website at the below link: https://www.escortskubota.com/investors/financials Kindly take the same on record. Thanking You, Yours faithfully, for Escorts Kubota Limited Arvind Kumar Company Secretary Encl.: As above Escorts Kubota Limited Registered Office - 15/5, Mathura Road, Faridabad - 121003, Haryana, India Tel.: +91-129-2250222 | E-mail: corp.secretarial@escortskubota.com | Website: www.escortskubota.com Corporate Identification Number L74899HR1944PLC039088 “Escorts Kubota Limited Q1 FY27 Earnings Conference Call” August 03, 2026 MANAGEMENT: MR. BHARAT MADAN – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER – ESCORTS KUBOTA LIMITED MR. NEERAJ MEHRA – CHIEF OFFICER OF TRACTOR BUSINESS, FARMTRAC AND POWERTRAC BRANDS – ESCORTS KUBOTA LIMITED MR. SANJEEV BAJAJ – CHIEF OFFICER- CONSTRUCTION EQUIPMENT BUSINESS – ESCORTS KUBOTA LIMITED MR. RAJAN CHUGH – CHIEF OFFICER OF TRACTOR KUBOTA BRAND AND AGRI SOLUTIONS BUSINESS – ESCORTS KUBOTA LIMITED MR. SANJEEV GARG – HEAD OF FINANCE AND CPMO – ESCORTS KUBOTA LIMITED MR. PRATEEK SINGHAL – INVESTOR RELATIONS AND ESG – ESCORTS KUBOTA LIMITED MODERATOR: MR. ANIKET MHATRE – MOTILAL OSWAL FINANCIAL SERVICES LIMITED Page 1 of 14 Escorts Kubota Limited August 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY '27 Earnings Conference Call of Escorts Kubota Limited hosted by Motilal Oswal Financial Services Limited. As a reminder, all participant lines will be the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Aniket Mhatre from Motilal Oswal Financial Services Limited. Thank you, and over to you, sir. Aniket Mhatre: Thank you, Palak. Good evening, everyone. On behalf of Motilal Oswal Financial Services Limited, I welcome you all for the Escorts Kubota Q1 FY '27 Earnings Conference Call. I take this opportunity to welcome the management team from Escorts Kubota Limited. Today, we have with us Mr. Bharat Madan, Whole-Time Director and Chief Financial Officer; Mr. Neeraj Mehra, Chief Officer, Tractor Business Division, Farmtrac and Powertrac Brand; Mr. Sanjeev Bajaj, Chief Officer, Construction Equipment Business Division; Mr. Rajan Chugh, Chief Officer, Tractor Kubota Brand and Agri Solutions Business Division; Mr. Sanjeev Garg, Head Finance and CPMO and Mr. Prateek Singhal, Investor Relations and ESG. Before we start, I would like to add that some of the statements made by the company in today's call will be forward-looking in nature and are subject to risks as outlined in the annual report and investor releases of the company. Now I hand it over to the management for the opening remarks. Thank you. Prateek Singhal: Thank you, Aniket. Good evening, everyone, and thank you all for joining us today. During the quarter, India's macroeconomic environment remained largely supportive. Favorable rabi harvest, increased grain procurement by the government and positive farmer sentiment continue to support demand fundamental across the tractor industry. Urban demand also remained resilient, contributing to a stable consumption environment. At the same time, geopolitical uncertainties in West Asia continue to disrupt supply chain and freight market. Shipping disruption and the depreciation of the Indian rupee against the U.S. dollar increased commodity, logistics and imported component costs. Despite these headwinds, we remain focused on supply chain continuity, disciplined cost management and profitable growth. With that context, let me turn to our performance for the quarter ended June 2026, starting with the stand-alone financial performance. Operating revenue from the continuing operation at INR3,178.9 crores, up by 28% year-on-year. EBITDA at INR355.4 crores, up by 9.4% Y-o-Y. EBITDA margin in Q1 at 11.2% as compared to 13.1% in the corresponding quarter. Margin during the quarter were adversely impacted by commodity cost inflation driven by geopolitical tension and related supply chain disruption. PBT from continuing operations before exceptional item at INR493.8 crores, up by 18.2% Y-o- Y, highest ever in Q1. Net profit from continuing operations stood at INR387.3 crores, up by 4% Y-o-Y. Please note that Q1 of the previous fiscal include exceptional gain from the sale of Page 2 of 14 Escorts Kubota Limited August 03, 2026 land and building of accounting of INR76 crores. Excluding this, net profit grew by 26% Y-o- Y. EPS from continuing operation at INR35.2 as compared to INR33.87 Y-o-Y. Also note that Q1 FY '26 reported PAT includes the RED business divestment impact. Therefore, the reported PAT for Q1 FY '27 is not directly comparable on the year-on-year basis. On consolidated basis, company financial performance for the quarter ended June '26 as follows: revenue from continuing operation at INR3,207.6 crores, up by 28.3% year-on-year. EBITDA at INR354.5 crores, up by 10.3% Y-o-Y. Reported net profit from continuing operations at INR385.9 crores, up by 4.5% year-on-year. Moving on to the segmental business performance. Following the strong industry performance in FY '26, the domestic tractor industry maintained its growth momentum in Q1 FY '27, achieving a record high first quarter volume of approximately 3.39 lakh tractors. Demand was supported by healthy farmer cash flow, favorable crop economics, adequate reservoir levels and continued government support towards agriculture and rural development. These factors, coupled with positive rural sentiment helped sustain robust demand across key agriculture markets. Our domestic tractor sales stood at 35,457 tractors, highest ever in Q1 volume for the company, registering a growth of 22.9% year-on-year and as compared to industry growth of 18.6% Y-o-Y. This translates into 36 basis point gain in share of market during the quarter. The improvement was driven by combined impact of our ongoing initiative across product portfolio enhancement, channel effectiveness and retail execution. In addition, regional demand dynamics were relatively favorable with our key markets, North and Central grew by around 22% as compared to 15.4% growth in the other markets. We remain focused on further strengthening our market position through disciplined execution, deeper customer engagement and continued enhancement of our go-to-market capability. From a product standpoint, our product refresh initiative continued to see encouraging customer response. The Shaurya series under Powertrac launch for the southern market in late Q4 FY '26 is gaining traction and supporting market share gain across key southern geographies. During the quarter, we further strengthened our portfolio with expansion of the Digitrac range under the Powertrac brand and the new Star series under the Kubota brand, enhancing our presence across customer segments and applications. Going forward, we have multiple product launches planned over the coming months to further strengthen our competitiveness across core premium and application-specific markets. On the export front, the tractor industry exported 29,778 tractors in Q1 FY '27, up by 17.7% as agai [Showing first 8,000 characters — download PDF for full document]