VST Tillers Tractors Q1 Profit Jumps 9.36% to ₹48.73 Crore

VST Tillers Tractors Ltd reported a 9.36 per cent increase in profit for the quarter ended June this fiscal, reaching ₹48.73 crore, compared with ₹44.56 crore reported in the same period last year.

The company’s revenue from operations increased 11 per cent to ₹313.4 crore, compared with ₹282.5 crore in the corresponding quarter last year, despite supply disruptions.

EBITDA Rises 7.5%

Operational EBITDA also recorded growth during the quarter, rising 7.5 per cent to ₹40.29 crore from ₹37.50 crore in the corresponding quarter last year.

Despite pressure from commodity inflation, the company maintained an operational EBITDA margin of 12.85 per cent.

Power Tiller Sales Gain 17.9%

VST Tillers Tractors sold 13,801 power tillers during the quarter, registering a 17.9 per cent growth over the corresponding quarter’s 11,701 units.

The company also reported growth in its domestic tractor business. Domestic tractor sales increased 4.5 per cent to 985 units, compared with 943 units in the same period last year.

Tractor Exports Decline

While domestic tractor sales improved, exports recorded a decline during the quarter. Tractor exports fell by around 12 per cent to 275 units, compared with 312 units in the corresponding period. 

Power Weeder Sales Jump

Sales of power weeders showed strong growth, increasing 56.7 per cent to 3,680 units from 2,349 units in the same period last year.

In contrast, power reaper sales declined 65 per cent to 28 units during the quarter, compared with 80 units in the corresponding period.

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