VST Tillers Tractors Q2 PAT tumbles 29% YoY to Rs 23 cr

31 Oct 2022 , 03:57 PM

Revenue from operations increased marginally to Rs 234.15 crore in quarter ended 30 September 2022 from Rs 233.46 crore posted in the corresponding quarter previous year. Consolidated profit before tax stood at Rs 33.74 crore in Q2 FY23, declining 21.21% as compared to Rs 42.82 crore reported in the same period a year ago. The companys EBITDA stood at Rs 40.56 crore for the quarter ended 30 September 2022, registering a growth of 16.73% on sales, despite commodity pressure. Total expenses rose 3.73% year on year to Rs 208.73 crore in Q2 FY23. Cost of raw materials and components consumed was at Rs 172.08 crore (up 9.71% YoY) while employee expenses stood at Rs 19.90 crore (up 10.86% YoY). Shares of VST Tillers Tractors advanced 4.71% to Rs 2234 on the BSE. Powered by Capital Market – Live News