{"id":132548,"date":"2022-08-05T04:45:24","date_gmt":"2022-08-05T08:45:24","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132548"},"modified":"2022-10-06T04:51:59","modified_gmt":"2022-10-06T08:51:59","slug":"escorts-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/escorts-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Escorts Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Escorts Limited Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/Q1k51IRZWUo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Escorts Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/ESCORTS\/\">ESCORTS<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>ESCORTS stated steep inflation in commodity prices and unfavorable product mix adversely impacted operating profit in 1Q23.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Amyn Pirani of J.P. Morgan asked about the drivers of underperformance in growth considering industry grew by 22% and ESCORTS at 4%. Shenu Agarwal President replied that it\u2019s due to unprecedented inflationary pressures since Nov. 2020. ESCORTS expects that in a few months from now, there will be a turnaround in market share.<\/li>\n<\/ul>\n<ul>\n<li>Amyn Pirani with J.P. Morgan asked about any update on the expectation for tractor industry growth for FY23. Shenu Agarwal President answered that right now the expectation is that the tractor industry for FY23 should be in low to mid-single digit level growth from last year.<\/li>\n<\/ul>\n<ul>\n<li>Gunjan from Bank of America asked about the reason for margin decline of 5%. Shenu Agarwal President answered that the profit decline sequentially has come from inflation, which is the key reason. ESCORTS didn\u2019t expect the inflation to be very high in 1Q23, but commodity prices went up in March and April beyond expectation.<\/li>\n<\/ul>\n<ul>\n<li>Gunjan from Bank of America also enquired if the company took any price increases. Shenu Agarwal President replied that the company took one price increase in 1Q23 of about 2%. However added that the inflation was much more than that.<\/li>\n<\/ul>\n<ul>\n<li>Chirag Jain of DAM Capital asked about the channel inventory for ESCORTS and the industry. Shenu Agarwal President answered that the company is still within the range of about a month of channel inventory between 27, 28 to about 35 days. \u00a0The company believes the competition is a couple of weeks more than that.<\/li>\n<\/ul>\n<ul>\n<li>Mitul Shah with Reliance Securities asked that on construction equipment side, what are the stable margin expectation and the levers for that going forward. Shenu Agarwal President said that in construction, ESCORTS participate in cranes, compactor, and backhoe loaders. So overall all the businesses were affected by inflation, but the impact is not as much as in tractor business.<\/li>\n<\/ul>\n<ul>\n<li>Mihir Jhaveri of Avendus Capital asked if margins would remain in current range for some time before any material gains in coming quarters. Bharat Madan CFO said it will depend on how the commodities market play going forward. Next two quarter look challenging, so 4Q23 will be the period when normalcy could be coming back.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Escorts Limited (ESCORTS) Q1 FY23 Earnings Concall Management Update: ESCORTS stated steep inflation in commodity prices and unfavorable product mix adversely impacted operating profit in 1Q23. Q&amp;A Highlights: Amyn Pirani of J.P. Morgan asked about the drivers of underperformance in growth considering industry grew by 22% and ESCORTS at 4%. Shenu Agarwal [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Escorts Limited Q1 FY23 Earnings Conference Call Insights #ESCORTS #Q1 #FY23 #earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[8880,1703,8202],"class_list":["post-132548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-agriculture","tag-construction","tag-machinery"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":132389,"url":"https:\/\/alphastreet.com\/india\/escorts-limited-escorts-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":132548,"position":0},"title":"Escorts Limited (ESCORTS) Q1 FY23 Earnings Concall Transcript","author":"Sahil","date":"August 1, 2022","format":false,"excerpt":"Escorts Limited\u00a0 (NSE:ESCORTS) Q1 FY23 Earnings Concall dated Aug. 01, 2022 Corporate Participants: Chirag Jain -- DAM Capital Advisors Limited -- Analyst Bharat Madan -- President Finance, Group Chief Financial Officer & Corporate Head Shenu Agarwal -- President of Agri and Construction Business Analysts: Amyn Pirani -- JPMorgan -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140556,"url":"https:\/\/alphastreet.com\/india\/escorts-kubota-limited-q3-fy23-net-profit-shrink-by-7\/","url_meta":{"origin":132548,"position":1},"title":"Escorts Kubota Limited Q3 FY23; Net Profit Shrink By 7%","author":"Hardik Bhandare","date":"February 8, 2023","format":false,"excerpt":"Escorts Kubota Limited (NSE: ESCORTS) reported Revenue from Operations for Q3 FY23 of \u20b92,291.35 Crore up from \u20b91,998.29 Crore year on year, a growth of15%. Consolidated Net Profit of \u20b9180.80 Crore, down 7% from \u20b9196.49 Crore in the same quarter of the previous year. The Earnings per Share is \u20b916.68\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/d4658bf7-b6c9-41a4-b8a0-f3fcb54a05a2-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/d4658bf7-b6c9-41a4-b8a0-f3fcb54a05a2-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/d4658bf7-b6c9-41a4-b8a0-f3fcb54a05a2-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/d4658bf7-b6c9-41a4-b8a0-f3fcb54a05a2-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/d4658bf7-b6c9-41a4-b8a0-f3fcb54a05a2-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/d4658bf7-b6c9-41a4-b8a0-f3fcb54a05a2-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":145599,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-escorts-kubota-limited-for-q4-fy23\/","url_meta":{"origin":132548,"position":2},"title":"Earnings Summary Of Escorts Kubota Limited For Q4 FY23","author":"Hardik Bhandare","date":"May 10, 2023","format":false,"excerpt":"Escorts Kubota Limited is a joint venture between Escorts Limited, an Indian engineering company, and Kubota Corporation, a Japanese conglomerate. The company was incorporated in 2008 and is headquartered in Faridabad, India. The company is engaged in the manufacturing and marketing of high-quality tractors, engines, and construction equipment. The company\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":150643,"url":"https:\/\/alphastreet.com\/india\/escorts-kubota-q1-2024-earnings-stay-tuned-for-the-live-earnings-call-and-real-time-transcript\/","url_meta":{"origin":132548,"position":3},"title":"Escorts Kubota Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript","author":"Hardik Bhandare","date":"August 1, 2023","format":false,"excerpt":"Escorts Kubota, a leading engineering conglomerates, will report first-quarter 2024 earnings today at 5:00 p.m. IST. The company will most likely provide business updates for the first quarter. Listen to Escorts Kubota\u2019s Q1 earnings call live and check real-time transcript In the last quarter, Escorts Kubota Limited reported Total Income\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145623,"url":"https:\/\/alphastreet.com\/india\/escorts-kubota-limited-q4-fy23-total-income-increased-by-18\/","url_meta":{"origin":132548,"position":4},"title":"Escorts Kubota Limited Q4 FY23; Total Income Increased By 18%","author":"Hardik Bhandare","date":"May 10, 2023","format":false,"excerpt":"Escorts Kubota Limited reported Total Income for Q4 FY23 of \u20b92,290.16 Crore up from \u20b91,941.48 Crore year on year, a growth of 18%. Consolidated Net Profit of \u20b9216.46 Crore, up 14% from \u20b9189.98 Crore in the same quarter of the previous year. The Earnings per Share is \u20b919.96, from \u20b918.51\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/17ce35ac-c93d-466d-828f-b0e1fba61739.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/17ce35ac-c93d-466d-828f-b0e1fba61739.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/17ce35ac-c93d-466d-828f-b0e1fba61739.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/17ce35ac-c93d-466d-828f-b0e1fba61739.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/17ce35ac-c93d-466d-828f-b0e1fba61739.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/17ce35ac-c93d-466d-828f-b0e1fba61739.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142473,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-escorts-kubota-limited-for-q3-fy23\/","url_meta":{"origin":132548,"position":5},"title":"Earnings Summary Of Escorts Kubota Limited For Q3 FY23","author":"Hardik Bhandare","date":"February 22, 2023","format":false,"excerpt":"Escorts Kubota Limited (NSE: ESCORTS) is a leading Indian engineering company that operates in the areas of agri-machinery, construction equipment, and railway equipment. The company has a strong presence in India and also exports its products to several countries around the world. In terms of earnings, Revenue from Operations for\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-11-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-11-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-11-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-11-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-11-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-11-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=132548"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=132548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=132548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=132548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}