VST Tillers Standalone Net Sales in December 2022 were Rs 213.69 crore, with an EBITDA of Rs 32.44 crore

VST Tillers Tractors Limited (VST), India's leading farm equipment manufacturer, announced its third-quarter results for the fiscal year 2022-23 on 10th February 2023.

VST's revenue in the third quarter of fiscal year 23 is Rs 213.69 crore, up from Rs 208.44 crore in the third quarter of fiscal year 22. For the third quarter ended December 31, 2022, the company's EBITDA margin was Rs 32.44 Crore or 14.56% on sales.

The company's Profit After Tax (PAT) for the third quarter was Rs 19.43 Cr, a marginal decrease from Rs 21.05 Cr in the same quarter last year.

VST has achieved a year-to-date turnover of Rs 683.82 Crore compared to Rs 635.50 Crore during the corresponding Nine months of the previous fiscal year, a 7.60% increase. Net profit for the fiscal year ended December 22 was Rs 52.22 crore, compared to Rs.77.21 crore for the fiscal year ended December 21. The profit margin impact was due to material consumption from previous periods of procurement.

About the brand

The VST Group of Companies, a well-known century-old business house in South India, founded VST Tillers Tractors Ltd. in 1967. VST Tillers Tractors Ltd. was formed as a joint venture between VST Motors and Mitsubishi Heavy Industries Ltd. in Japan. The company is now India's largest manufacturer of Power Tillers.

VST SHAKTI has been India's No. 1 brand in Power Tiller (Walking Tractor) for over five decades. VST SHAKTI, a pioneer in compact four-wheel drive tractors, has now expanded its presence under the brand "VST Mitsubishi" with a range of compact and agricultural tractors.

Also Read:- 

On April 1st, Bihar Plans To Unveil Its Fourth Agricultural Road Map

Growers Will Learn About Latest Agri Tech At "Kisan Milni"

Agriculture Minister Narendra Singh Tomar- The Center releases Rs. 127 crores to promote Kisan Drones