Escorts Kubota Ltd. continued to beat estimates in dispatches in October as gross sales rose 7.2% year-on-year to 14,492 items, the best ever month-to-month gross sales for the tractor maker. The tally was comfortably larger than analysts’ consensus estimates, which pegged the gross sales to fall over 14%.
-
Home tractor gross sales rose 8.6% to 13,843 items.
-
Tractor exports fell 15.2% to 649 items.
“Festive demand was good, led by above regular monsoon and better water reservoirs degree,” the corporate mentioned in its alternate submitting. All macro-economic components remained beneficial for the business for the approaching Rabi season, however overhang of unabsorbed commodities inflation stays a priority, it mentioned.