Escorts

receives ₹46.37 crore GST refund Escorts Kubota Limited received a refund sanction of ₹46.37 crore under Rule 89(1) of the Haryana GST Act, 2017, for accumulated input tax credit due to an inverted duty structure. A portion, ₹29.78 lakh, was rejected due to ineligible ITC. The company reports FY26 first-quarter net profit of ₹1,397 crore, a ₹302 crore increase year-over-year. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.