Shares of Escorts Kubota Ltd. are trading with losses of over 1% on Tuesday, November 4, in response to their September quarter results.

The company's revenue increased by 22.6% from last year to ₹2,791.6 crore from ₹2,277 crore. Growth was led by the core Agri Machinery products business, where the revenue increased to ₹2,446 crore from ₹1,896.5 crore last year.

Agri Machinery's growth was offset by the construction equipment business, where the revenue saw a marginal decline from the same quarter last year to ₹338.1 crore from ₹379.9 crore in the year-ago period.

The company's operational performance was strong from last year, as its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 56.6% from last year to ₹359.5 crore.

EBITDA margin also expanded by 280 b

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