VST Tillers Tractors reported a 60% rise in profits in the September quarter due to strong sales

Agricultural machinery manufacturer VST Tillers Tractors Oy reported a 60 percent increase in revenue in the September quarter.  Profit for the September quarter was ₹ 36.45 crore on revenue of ₹ 278.51 crore. In the same period last year, the company earned ₹ 22.74 crore and revenue of ₹ 234.15 crore.   The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) was ₹ 57.02 billion for the September 2023 quarter, representing 19.50 percent of revenue. The EBITDA percentage was 16.73 percent in the corresponding quarter last year. In the first half of the current fiscal year, VST Tillers reported a profit of ₹ 69.44 crore on revenue of ₹ 524.65 crore. Profit for the corresponding period was ₹ 32.79 crore on revenue of ₹ 470.13 crore. Also, the company recorded a 54% increase in tractor exports in the first half of 2024. In the domestic market, VST  launched a series of nine models this quarter, which are receiving good feedback from the market, the company announced in its press release.

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