VST Tillers - Positivity Drivers Intact: ICICI Direct
VST Tillers Tractors. (Image: Company website)

VST Tillers - Positivity Drivers Intact: ICICI Direct

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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:

ICICI Direct VST Tillers Company Update_Mar21.pdf

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