VST Tillers Tractors Ltd Reported Rs 22.85 Cr Net Profit

14 August 2024, Bengaluru: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their financial results for the quarter ended June 30, 2024.

For the Quarter, VST achieved a turnover of Rs 190.59 Cr compared to Rs 246.14 Cr in the Q1 of last year. The top line was impacted by the draught situations in the key markets and general elections in India.  Profit before tax is at Rs 27.94 Cr compared to 42.59 Cr the previous year. Net profit is Rs 22.85 Cr, which is 10.78% of the total income compared to 12.48% last year. The reduction in top line impacted the profitability.

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