VST Tillers Tractors achieves EBIDTA of Rs30.25 crore for Q3FY22, growth of 1.34% yoy despite commodity pressure

16 Feb 2022 , 09:16 AM

VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer has announced their third quarter results for the financial year 2021-22.

VST’s turnover during the quarter registered a 2.75 % rise to Rs208.44 crore for Q3-FY22 against Rs202.87 crore during the Q3FY21. The company’s operational EBITDA margin stood at Rs30.25 crore, an increase of 1.34% over the corresponding quarter of last year, despite commodity pressure.

The company’s Profit After Tax (PAT) for 3rd quarter stood at Rs21.05 crore, compared to Rs30.83 crore in the corresponding quarter last year.

YTD Dec 21, VST’s turnover increased by 11.59% to Rs635.50 crore, compared to Rs569.50 crore in the corresponding nine months FY21.

The net profit stood at Rs77.21 crore during YTD Dec 21, compared to Rs77.84 crore during the corresponding nine months of last financial year. The company’s operational EBIDTA margin saw an increase of 12.03 % to Rs94.03 crore during the nine months of current financial year, against Rs. 83.93 Crore last year YTD Dec 20.

On Wednesday early morning trade, VST TilleRsTractoRswas trading at Rs2692.15 per piece down by 2.05% on Sensex.