VST Tillers Tractors Q1 PAT slips 58% YoY to Rs 10 cr

9 Aug 2022 , 04:21 PM

The company said that the net profit was impacted due to mark to market of investments. Net sales rose 21.9% year on year to Rs 235.98 crore in the quarter ended 30 June 2022. Profit before tax skumped 59.4% to Rs 12.68 crore in Q1 FY23 as compared to Rs 31.20 crore reported in Q1 FY22. Total expenses rose 29.5% year on year to Rs 225.58 crore in the quarter ended 30 June 2022. Cost of materials consumed rose 35.5% to Rs 144.26 crore while employee benefits expenses rose 2.19% to Rs 18.68 crore in Q1 FY23 over Q1 FY22. The companys operational EBITDA stood at Rs 23.73 crore decrease of 3.06% YoY, due to commodity pressure. VST Tillers Tractors is engaged in the business of manufacture of Power Tillers and Diesel Engines. Shares of VST Tillers Tractors closed 1.83% at Rs 2488.30 on the BSE on Monday. The domestic equity market is closed today (9 August 2022) on account of Muharram.Powered by Capital Market – Live News