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 the turnover of Rs 190.59 Cr compared to Rs 246.14 Cr in the Q1 of last year. The top line impacted due to the draught situations in the key markets and general elections pan India. Profit before tax is at Rs 27.94 Cr compared to 42.59 Cr previous year. Net profit is Rs 22.85 Cr, which is 10.78% of the total income compared to12.48% last year. The reduction in top line impacted the profitability.
VST Tillers Tractors Limited (VST) is India’s leading farm equipment manufacturer. VST was established in the year 1967 by the VST Group of companies. With a legacy of more than 55 years, VST continues to drive farm mechanization and empowerment of Indian farmers.
The organization is the largest Indian manufacturer of Tillers, and 4WD Compact Tractors, and amongst the leading producers of the other category of Tractors, Engines, Transmission, Power Reaper, and Precision Components. VST also exports products to European, Asian, and African markets. For more details, please visit https://www.vsttractors.com/
