VST Tillers Tractors’ Achieved Quarter Ended 31st Dec 2021 Growth of 1.34% YoY

VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their third-quarter results for the financial year 2021-22.  

VST’s turnover during the quarter registered a 2.75 % rise to Rs 208.44 crore for Q3-FY22 against  Rs 202.87 crore during the Q3-FY ‘21. The company’s operational EBITDA margin stood at Rs 30.25 crore, an increase of 1.34% over the corresponding quarter of last year, despite commodity pressure.  

The company’s Profit After Tax (PAT) for 3rd quarter stood at Rs 21.05 crore, compared to Rs  30.83 Crore in the corresponding quarter last year.  

YTD Dec 21, VST’s turnover increased by 11.59% to Rs 635.50 Crore, compared to Rs 569.50 Crore in the corresponding nine months FY ’21. The net profit stood at Rs 77.21 crore during YTD Dec 21, compared to Rs. 77.84 crore during the corresponding nine months of last financial year. The company’s operational EBIDTA margin saw an increase of 12.03 % to Rs 94.03 crore during the nine months of current financial year, against Rs. 83.93 Crore last year YTD Dec 20. 

About VST Tillers Tractors Limited. 

VST Tillers Tractors Limited. was established in the year 1967 by the VST Group of companies. With a legacy of more than 53 years, VST continues to drive farm mechanization and empowerment of Indian farmers. The organization is the largest Indian manufacturer of Tillers, 4WD Compact Tractor and amongst the leading producers of the other category Tractors, Engines, Transmission, Power Reaper and Precision Components. VST also exports products to  European, Asian and African markets. To further strengthen its product portfolio and offer world class technology customized to match the needs of Indian customers, VST has entered into strategic alliances with Pubert from France for Power Weeders and Zetor from the Czech Republic for Tractors.

VST believes in leveraging electric, driver optional, and connected vehicle technologies to offer sustainable, productive, and profitable farming solutions and has made a strategic investment in Monarch Tractor (Zimeno Inc) – Maker of the World’s First Fully Electric, Driver-Optional Smart Tractor. Website: https://www.vsttractors.com/

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