VST Tillers Tractors Reports PAT Of Rs 24.01 Crore For Q1 FY22, YoY Rise Of 40.7%

Highlights for Q1 FY 22 Results.

•   Turnover of Rs 193.60 Cr. for Q1 FY 22. (P.Y. 146.24 Cr). Up by 32.39% YoY.

•   PBT increased to Rs 31.20 Cr (P.Y. 20.92 Cr). Up by 49.14% YoY

•   Reported PAT is Rs 24.01 Cr (P.Y Rs 17.07 Cr). Up by 40.7% YoY

•   EBIDTA % increased to 18.11% compared to 16.47% P.Y.

Operating revenues of VST Tillers Tractors rose by 32.39 % to Rs 193.60 crore in the Q1 FY22 as against Rs 146.24 crore during the Q1 FY21. Company reported PAT was Rs 24.01 crore for Q1 FY22, YoY rise of 40.7 %. EBIDTA % during Q1 FY22 was 18.11%

During the quarter, VST TILLERS TRACTORS set up a precision implement division. To further bolster its position in the compact tractors segment, the company has initiated the launch of its New Generation Range of Tractors.

About VST Tillers Tractors Limited.

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 believes in leveraging electric, driver optional, and connected vehicle technologies to offer sustainable, productive, and profitable farming solutions and has made a strategic Investment in Monarch Tractor (Zimeno Inc) – Maker of the World’s First Fully Electric, Driver-Optional Smart Tractor.