VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their 4th Quarter results for the financial year 2021-22. VST’s turnover during the quarter registered a 12.13 % rise to Rs 218.36 crore for Q4-FY22 against Rs 194.74 crore during the Q4-FY ‘21.
The company’s operational EBITDA margin stood at Rs 30.15 crore a growth of 285.07% YOY, despite commodity pressure.
The company’s Profit After Tax (PAT) for the 4th quarter stood at Rs 22.10 crore, compared to Rs 12.93 Crore in the corresponding quarter last year.
For FY 22, VST achieved its highest ever turnover of Rs 853.86 Crore, an increase of 11.73%, compared to Rs 764.24 Crore in FY ’21. The net profit stood at Rs 99.31 crore for FY 22, compared to Rs. 90.78 crore of last financial year. The company’s operational EBIDTA margin saw an increase of 35.33 % to Rs 124.18 crore for the current financial year, against Rs. 91.76 Crore last year.
About VST Tillers Tractors:
VST Tillers Tractors is engaged in the manufacturing of power tillers & tractors. The company sold a total of 2602 units of power tillers & tractors in August 2021 as compared to 2638 units sold in August 2020.
The group established itself in Karnataka and Tamil Nadu by retailing petroleum products and distributing automobiles.
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.
Today, the VST family owns 51% of the equity in the publicly traded company, which has experienced consistent growth and provided excellent returns to its shareholders. With an eye on global opportunity, the company has expanded its presence in more than 20 countries over the last decade and established itself as a leading brand for compact tractors.
