Enquiry icon

Enquiry Form

VST Tillers Tractors Registers Remarkable 19% Revenue Growth in Q2 FY24

VST Tillers Tractors Registers Remarkable 19% Revenue Growth in Q2 FY24

    VST Tillers Tractors Registers Remarkable 19% Revenue Growth in Q2 FY24

08 Nov, 2023

Bengaluru, 7th November 2023: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their Quarter 2 results for the financial year 2023-24.

VST reported a turnover of Rs. 278.51 crores during Q2 FY 24. The company’s earnings before interest, taxes, depreciation & amortization (EBITDA) stood at Rs 57.02 crore for Quarter 2, which is 19.50 % of revenue. In Last year Q2, EBITDA margin was 16.73%.

Year-to-date basis, VST has achieved a turnover of Rs 524.65 Crore compared to Rs 470.13 Crore during the corresponding half-year of last financial year, an increase of 11.60%. Net profit stood at Rs 69.44 crore for YTD Sept 23 compared to Rs.32.79 crore YTD Sept 22 with a growth of 112%.

In October 2023, VST reported that combined sales of power tillers and tractors reached 1509 units, down from the 1842 units sold in October 2022. This represents a decline of 333 units in YoY sales.

Year-to-date data for 2023 shows an overall growth in sales. In 2023, year-to-date sales of both power tillers and tractors amounted to 24287, compared to 23197 units during the same period in 2022.

The company has also registered growth of 54% in the export of tractors for H1 FY24. In the domestic market, VST has launched series 9 models in this quarter which is receiving a good response from the market.

https://images.tractorgyan.com/uploads/109942/6548c0ef72633-sonalika-tractors-growth-in-world-tractor-market.jpg Sonalika Tractors: Spearheading India’s growth story in the world tractor market
Sonalika Tractors, India's leading tractor manufacturer with a global footprint. With a strong focus on quality, innovation, and farmer satisfaction, ...
https://images.tractorgyan.com/uploads/109955/6549c963bf912-popular-5-feet-rotavators-price-and-features.jpg Popular 5 Feet Rotavators Price List in India 2023 - Features and Benefits
The benefits of 5 feet rotavators in India for efficient farming. Learn about features, prices, and buying tips in 2023. Boost productivity and soil q...
https://images.tractorgyan.com/uploads/110008/6549feaf90f24-popular-6-feet-rotavator-price-features-and-benefits.jpg Popular 6 Feet Rotavators Price List in India 2023 - Features and Benefits
Explore the features of 6 feet rotavators, gain pricing insights, and access expert buying tips to enhance productivity and soil quality. Make the rig...

Top searching blogs about Tractors and Agriculture

Top 10 Tractor brands in india To 10 Agro Based Indutries in India
Rabi Crops and Zaid Crops seasons in India Commercial Farming
DBT agriculture Traditional and Modern Farming
Top 9 mileage tractor in India Top 5 tractor tyres brands
Top 11 agriculture states in India top 13 powerful tractors in india
Tractor Subsidy in India Top 10 tractors under 5 Lakhs
Top 12 agriculture tools in India 40 Hp-50 Hp Tractors in India

review Write Comment About Blog.

Enter your review about the blog through the form below.

Customer Reviews

Record Not Found

Popular Posts


Escorts Kubota Limited November 2023 Tractor Sales Reports 3.7% Growth, Sold 8,258 Tractors

Faridabad, December 1st, 2023: Escorts Kubota Limited Agri Machinery Business Division in Novem...


Mahindra’s FES in November 2023 Registers 32,074 Tractor Sales, Shows 5% Growth YOY

Mumbai, December 01, 2023: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of...


एस्कॉर्ट्स कुबोटा लिमिटेड की नवम्बर 2023 ट्रैक्टर सेल्स में 3.7% की वृद्धि, 8258 ट्रैक्टर बेचे

एस्कॉर्ट्स कुबोटा लिमिटेड एग्री मशीनरी बिजनेस डिवीजन ने हाल ही में नवम्बर 2023 में हुई कुल ट्रैक्टर...

Select Language

tractorgyan offeringsTractorGyan Offerings