Escorts Kubota Q4 Results Review - Inline; Valuations Fully Reflect Merger Synergies: Yes Securities

We believe, benefits arising out of Kubota joint venture to start reflecting meaningfully from H2 FY25E led by exports ramp-up and localisation.

<div class="paragraphs"><p>Earth moving equipment manufactured by Escorts Ltd. (Source: Company website).</p></div>
Earth moving equipment manufactured by Escorts Ltd. (Source: Company website).
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