Escorts Kubota registered an over 50 percent plunge in net profit to Rs 87.6 crore in three months ended September 2022 from Rs 176.7 crore in the year-ago period.
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Escorts Agri Machinery (EAM), a division of Escorts Kubota, will increase the prices of its tractors from November 16. The company aims to offset the effects of cost inflation in both commodities and other costs with the price rise.
Without sharing details about the exact amount, the company said that the increase will vary between models and variants.
The stock is currently trading at Rs 2,016.65, up 0.19 percent.