Now Reading: VST Tillers Q1 profit rises 9.36% to Rs 48.73 crore
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VST Tillers Q1 profit rises 9.36% to Rs 48.73 crore
VST Tillers Tractors posted a 9.36% rise in net profit for the June quarter to Rs 48.73 crore, according to a company filing. Revenue from operations grew 11% to Rs 313.4 crore…
The Story in Brief
VST Tillers Tractors posted a 9.36% rise in net profit for the June quarter to Rs 48.73 crore, according to a company filing. Revenue from operations grew 11% to Rs 313.4 crore even as supply disruptions and commodity inflation squeezed margins. EBITDA rose 7.5% to Rs 40.29 crore; margin stood at 12.85%.
The company sold 13,801 power tillers, up 17.9% over last year. Domestic tractor sales increased 4.5% to 985 units, but exports fell 12% to 275 units. Power weeder sales surged 56.7% to 3,680 units, while power reaper sales dropped 65% to 28 units.
The Indian Opinion
VST Tillers' profit beat is no reason for cheer. The export slide and the 65% crash in power reaper sales expose vulnerability despite strong domestic tiller demand. Much commentary will hype the headline profit jump, but the margin pressure and uneven product mix tell a different story. Watch if power weeder demand stays hot or cools, because that will determine real earnings health.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
