VST Tillers Tractors Ltd.

NSE: VSTTILLERS | BSE: 531266 | ISIN: INE764D01017 |Industry: Commercial Vehicles
|Expensive Performer
1574.95 28.35 (1.83%)
NSE Oct 30, 2020 10:14 AM
Volume: 1,722

VST Tillers Tractors Ltd.    
21 May 2018
Nirmal Bang Institutional
VST Tillers and Tractors (VST) reported a muted performance for 4QFY18, with margins coming in at 17.3% versus our estimate of 18.0%. Net sales, at Rs2.4bn, grew 25% YoY but were 6% below our estimate. Absolute EBITDA at Rs417mn grew 43% YoY, but was 10% below estimate on account of higher commodity costs. Raw material expenses stood at 65.1% of sales against our estimate of 63.0%, leading to gross margin coming in ~210bps below estimate. Higher-than-expected other income resulted in PAT miss of 4%. PAT at Rs334mn was up 59% YoY and 7% QoQ. The company, at the post-result conference call, indicated that 27HP Virat Plus and Samrat...
VST Tillers Tractors Ltd. is trading below it's 30 day SMA of 1656.9
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