VST Tillers - Positivity Drivers Intact: ICICI Direct
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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.
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