Escorts Kubota Limited has informed the Exchange regarding Change in Auditors of the company.
ESCORTS · price
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Escorts Kubota Limited's Board approved audited Q4 and FY2026 results. Standalone revenue stood at ₹11,473 Crores with net profit of ₹1,381 Crores, up 24% YoY from ₹1,110 Crores. Consolidated revenue was ₹11,540 Crores with net profit of ₹1,366 Crores. The Board recommended a final dividend of ₹33 per share (330%) for FY2025-26; combined with an earlier interim dividend of ₹18, the total annual dividend is ₹51 per share. The Railway Equipment (RED) business was sold to Sona Comstar for ₹1,600 Crores, contributing a post-tax profit of ₹1,004 Crores from the sale. M/s. Ramanath Iyer & Co. was appointed as Cost Auditors for FY2026-27. Note: the headline references a 'Change in Auditors' but the filing body contains only the appointment of cost auditors; no statutory auditor change is evident in the document.
Strong financial performance with revenue and profit growth, boosted by the RED Business sale. The total dividend of ₹51 per share signals confidence. No immediate shareholder concern from this filing.