The Board of Directors of Escorts Kubota Limited met on February 10, 2026, to approve the Unaudited Financial Results for the quarter and nine months ended December 31, 2025. Key outcomes included the declaration of a Special Dividend of ₹18/- (180%) per equity share and the appointment of two new Non-Executive Nominee Directors from Kubota Corporation. Furthermore, the Board consented to a phased investment of up to ₹593 Crores for land acquisition to establish a new Greenfield Project.
Quarterly Financial Outcome and Dividend Declaration
Escorts Kubota Limited announced the outcome of its Board Meeting held on February 10, 2026. The Board considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. Accompanying these results was the Limited Review Report from the Statutory Auditors.
A significant decision was the declaration of a Special Dividend of ₹18/- (180%) per fully paid-up equity share of ₹10/- each for the Financial Year 2025-26. The designated Record Date for this payment is set for Monday, February 16, 2026, with payment due within 30 days.
Appointment of Additional Directors
The Board, based on the recommendation of the Nomination, Remuneration and Compensation Committee, approved the appointment of two new Additional Directors (Non-Executive Nominee Directors):
- Mr. Hitoshi Sasaki (DIN: 11464326)
- Mr. Satoshi Suzuki (DIN: 06527098)
These appointments are effective from February 10, 2026, and they will hold office until the ensuing Annual General Meeting or three months, whichever is earlier. Both are nominees of Kubota Corporation and have extensive experience in senior managerial roles within the Kubota Corporation globally.
Greenfield Project Investment Approval
The Board also consented to a phased investment for purchasing/acquiring approximately 154 acres of land in the YEIDA Industrial area, Uttar Pradesh, for setting up a new Greenfield Project aimed at increasing production capacity.
- Phase 1 Investment: The initial investment is estimated at up to ₹593 Crores (covering land cost, lease, and development costs).
- Total Indicative Outlay: The Detailed Project Report (DPR) for the entire expansion indicates an outlay of ₹2,268 Crores.
- Financing: Funds will be sourced from the proceeds of the earlier preferential issue of shares to Kubota Corporation and internal accruals.
- Timeline: The proposed capacity addition is intended to be completed within 7 years from the date of land allotment.
Standalone Financial Highlights (Nine Months Ended Dec 31, 2025)
Analyzing the standalone performance:
- Total Income: Increased to ₹8,965.06 Crores (compared to ₹8,083.43 Crores in the corresponding period last year).
- Profit Before Tax from Continuing Operations: Stood at ₹1,395.22 Crores.
- Net Profit for the Period: Totaled ₹2,083.77 Crores (which includes significant profit from discontinued operations of ₹1,027.63 Crores).
- EPS (Basic for Continuing Ops): 96.00 (compared to 78.16 in the previous year).
Consolidated Financial Highlights (Nine Months Ended Dec 31, 2025)
The consolidated results reflect strong growth:
- Total Revenue: Reached ₹8,572.10 Crores (up from ₹7,799.00 Crores YoY).
- Profit Before Tax from Continuing Operations: Amounted to ₹1,383.14 Crores.
- Net Profit for the Period: Totaled ₹2,586.19 Crores, primarily driven by a net profit from discontinued operations of ₹1,203.05 Crores.
- EPS (Basic for Continuing Ops): 93.38 (compared to 77.48 in the prior corresponding period).
The document also detailed several exceptional items for the period, including an incremental expense of ₹52.46 crore related to employee costs following the implementation of a new labour code.
Source: BSE
