Shares of Escorts Kubota Ltd fell 1.5% after touching a day’s excessive of Rs 3,639.10 on nineteenth August, following the corporate’s announcement that the Excise & Taxation Officer, Faridabad (East), Haryana, had sanctioned a refund of Rs 46.37 crore out of the overall declare of Rs 46.67 crore filed beneath Rule 89(1) of the Haryana GST Act, 2017.
Escorts Kubota said that its GST refund declare was filed as a result of enter tax credit score (ITC) gathered beneath the inverted responsibility construction. Of the overall Rs 46.67 crore claimed, Rs 29.78 lakh was rejected by authorities as ineligible ITC.
Q1 FY26 Outcomes:
- Internet revenue: Rs 1,397 crore, up Rs 302 crore from final yr, supported by an distinctive acquire of Rs 76 crore.
- Income: Rs 2,500 crore, down 3% YoY from Rs 2,574 crore.
- EBITDA: Flat at Rs 322 crore, with EBITDA margin enhancing 50 bps to 13%.
At 12:27 PM, the shares of Escorts Kubota had been buying and selling 1.13% decrease at Rs 3,582.80 on NSE.
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