Escorts Kubota Limited has reported its unaudited financial results for the quarter ended June 30, 2026, with a net profit of ₹387.34 crore from continuing operations. The Board also approved the formation of a Special Purpose Vehicle (SPV) for solar power generation with a capital commitment not exceeding ₹3.80 crore. Additionally, the company announced the appointment of a new Company Secretary and Compliance Officer.
Escorts Kubota Announces Q2 2026 Financial Results
Escorts Kubota Limited has declared its unaudited financial results for the quarter ended June 30, 2026. The company reported a net profit of ₹387.34 crore from continuing operations, compared to ₹324.81 crore in the preceding quarter and ₹372.61 crore in the corresponding quarter of the previous year. The consolidated net profit for the quarter stood at ₹385.93 crore.
Formation of Special Purpose Vehicle (SPV)
The Board of Directors has approved the formation of a Special Purpose Vehicle (SPV) as a Private Limited Company. The SPV’s primary objective will be solar power generation for the company’s captive power consumption. The overall capital commitment for this initiative will not exceed ₹3.80 crore. This move is expected to contribute to the company’s sustainability efforts and potentially reduce power costs.
Key Management Appointments
In a significant management update, the Board has approved the appointment of Mr. Vicky Chauhan as the Company Secretary and Compliance Officer, effective from August 18, 2026. This follows the resignation of Mr. Arvind Kumar from the same position, effective August 17, 2026. The company also announced the approval of M/s. S.R. Batliboi & Co. LLP as the new Statutory Auditors, subject to shareholder approval at the 81st AGM in 2027, for a term of five years.
Financial Highlights
For the quarter ended June 30, 2026, Escorts Kubota reported total income of ₹3,386.34 crore for standalone operations and ₹3,415.39 crore for consolidated operations. Total expenses for the standalone operations were ₹2,892.52 crore, leading to a profit before tax of ₹493.82 crore. The standalone earnings per share (EPS) basic was ₹35.20.
Source: BSE
