Escorts Kubota's Total Sales Rise 19% in May; Shares Down 3%
Agri-machinery company Escorts Kubota's (NSE:ESCORTS, BOM:500495) total sales grew 18.9% to 12,310 tractors in May against 10,354 tractors sold a year ago, according to a Monday filing to the Indian stock exchanges.The company's shares were down by nearly 3% in recent trade.Domestic sales in April rose 22.5% year-on-year to 11,887 units, while exports dropped 35% to 423 units.Escorts' construction equipment division also jumped 40.2% year-on-year to 450 units from 321 units.