BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
VST Tillers and Tractors Ltd. reported a robust performance in Q3 FY21. Net sales for the quarter were at Rs 203 crore, up 65% YoY.
Power tiller sales volume in Q3 FY21 was at 6,734 units, up 80% YoY while tractor sales volume was at 2,436 units, up 36% YoY.
Ebitda in Q3 FY21 came in at Rs 30 crore with Ebitda margins at 14.7% and ensuing profit after tax at Rs 31 crore.
Higher profit after tax in Q3 FY21 was also supported by higher than anticipated other income.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR