8, Nov 2023
VST Tillers Tractors Ltd registered 19 Percent revenue growth in Q2 FY24
Bengaluru, 8th November’ 2023: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their Quarter 2 results for the financial year 2023-24.
VST reported a turnover of Rs. 278.51 crores during Q2 FY 24. The company’s earnings before interest, taxes, depreciation & amortization (EBITDA) stood at Rs 57.02 crore for Quarter 2, which is 19.50 % of revenue. In Last year Q2, the EBITDA margin was 16.73%.
Year-to-date basis, VST has achieved a turnover of Rs 524.65 Crore compared to Rs 470.13 Crore during the corresponding half-year of the last financial year, an increase of 11.60%. Net profit stood at Rs 69.44 crore for YTD Sept 23 compared to Rs.32.79 crore YTD Sept 22 with a growth of 112%.
The company has also registered growth of 54% in the export of tractors for H1 FY24. In the domestic market, VST has launched series 9 models in this quarter which is receiving a good response from the market.
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- By Rabindra
