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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Escorts Kubota
Escorts Kubota (ESCORTS) investor relations material
Escorts Kubota Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary2 Nov, 2026
Executive summary
Q2 FY27 standalone revenue rose 16.3% YoY to ₹3,231.4 crore; EBITDA fell 19.5% to ₹292.4 crore and PAT fell 20.6% to ₹255 crore amid commodity, mix and overhead pressures.
H1 FY27 continuing-operations revenue increased 21.9% to ₹6,410.3 crore; PAT before exceptional items rose 2.2% to ₹642.4 crore, against prior-year one-time gains and RED divestment effects.
Construction Equipment growth offset softer tractor conditions; margins are expected to improve gradually from Q4 if commodity costs stabilize, moving closer to normal levels in FY28.
Financial highlights
Standalone Q2 PBT was ₹344 crore vs ₹431.1 crore YoY; EPS was ₹23.18 vs ₹29.19, and EBITDA margin was 9.0% vs 13.1%.
H1 standalone EBITDA was ₹647.8 crore at a 10.1% margin; PBT before exceptional items was ₹837.9 crore vs ₹849 crore.
Consolidated Q2 revenue rose 16.2% to ₹3,243.4 crore; EBITDA fell 19.9% to ₹288 crore and PAT fell 21.3% to ₹250.2 crore.
Consolidated H1 revenue rose 21.9% to ₹6,451 crore; EBITDA was ₹642.5 crore and PAT before exceptional items was ₹636.2 crore, up 2.2%.
Outlook and guidance
FY27 domestic tractor industry outlook was revised to marginal low-single-digit degrowth; H2 is expected to decline double digits against a high base.
Tractor margins may remain pressured in Q3; recent price increases are expected to contribute more fully in Q4 and support recovery.
CE industry growth is forecast at 15%-16% in H2 FY27 after ~20% growth in H1; full-year growth is expected to remain positive.
Export volumes may be flattish in FY27, with a possible recovery next fiscal; the next six months are supported by the existing order book.
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Latest events from Escorts Kubota
- Profit rose to Rs.127.22 crore as restructuring and expansion reshaped the business portfolio.ESCORTS
Q4 96/97 - Tractor growth and restructuring plans offset weak markets and subsidiary losses.ESCORTSQ4 97/98
- One-time divestment gains cushioned a sharp standalone earnings decline and consolidated loss.ESCORTSQ4 01/02
- Profit fell amid disruption, but labor reforms and tractor momentum improved the recovery outlook.ESCORTSQ4 98/99
- Profit grew 33% as tractor share advanced, offset by construction losses and telecom risk.ESCORTSQ4 99/00
- Core-business growth offset tractor weakness, but earnings fell and included a major investment-sale gain.ESCORTSQ4 00/01
- Telecom losses deepened the deficit as tractor demand rebounded and expansion targets rose.ESCORTSQ4 03/04
- Investment gains lifted standalone profit, but tractor contraction and consolidated losses persisted.ESCORTSQ4 02/03
- Healthcare divestment lifted earnings, but tractor liquidity pressures persisted.ESCORTSQ4 04/05
Next Escorts Kubota earnings date
Q3 26/279 Feb, 2027
Escorts Kubota
Next Escorts Kubota earnings date
Q3 26/279 Feb, 2027
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