Commercial Vehicles company VST Tillers Tractors announced Q1FY24 results: Turnover of Rs 246 crore during Q1FY24. This is the highest-ever Q1 revenue of VST Tillers Tractors so far. Company’s earnings before interest, taxes, depreciation & amortization stood at Rs 49.84 crore for Q1FY24, which is 18.86% of revenue. In Q1FY23, the EBITDA margin was 8.10%. The company’s Profit After Tax for Q1FY24 is Rs 32.99 crore, which is 3.28 times the PAT of Q1FY23. Similarly, earning per share (EPS) also increased more than 3 times over Q1FY23. The company has also registered healthy growth in Q1 in the export of tractors. In the domestic market, VST has launched 929 EGT models in this quarter which is receiving a good response from the market Result PDF
VST Tillers Tractors announced Q3FY23 results: Q3FY23: VST’s turnover during Q3FY23 is Rs 213.69 crore against Rs 208.44 crore during Q3FY22. The company’s EBITDA margin stood at Rs 32.44 crore for Q3FY23, 14.56% on sales. The company’s Profit After Tax (PAT) for 3rd quarter stood at Rs 19.43 crore, compared to Rs 21.05 crore in the corresponding quarter last year, a marginal decline. Year to date, VST has achieved turnover of Rs 683.82 crore compared to Rs 635.50 crore during the corresponding Nine months of last financial year, an increase of 7.60%. Net profit stood at Rs 52.22 crore for YTD Dec 22 compared to Rs 77.21 crore YTD Dec 21. The profit margin impact was attributable to material consumption of procurement done during the earlier periods. Result PDF