10 Nov, 2021
VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their Quarter 2 results for the financial year 2021-22. The company’s Profit After Tax (PAT) stood at Rs 32.15 crore, a 7.38 % rise when compared to the corresponding quarter last year. The company had reported Rs 29.94 crore net profit during the second quarter of the previous financial year.
VST’s turnover during the quarter registered a 5.93 % rise to Rs 233.46 crore as against Rs 220.39 crore during the Q2 FY ‘21. The company’s EBITDA margin stood at Rs 48.98 crore, an increase of 7.37% over the corresponding quarter of last year.
Year to Date, VST has earned a net profit of Rs 56.16 crore during FY ’22, when compared to Rs. 47.01 crore earned during the corresponding half year of last financial year, an increase of 19.46%. The company’s EBIDTA margin also saw an increase of 21% to Rs 86.18 crore during the first half year of the current financial year. VST’s EBIDTA was at Rs. 71.23 crore during the first half of FY ’21.
About VST Tillers Tractors Limited.
About VST Tillers Tractors 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 Tillers Tractors reports PAT of Rs 24.01 crore for Q1 FY22, YoY rise of 40.7 %
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