11 February 2025:
VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their financial results for the quarter and nine months ended Dec 31, 2024.
For the third Quarter, VST achieved a turnover of Rs 219.10 Cr, up of 29% from Rs 169.96 Cr in the Third quarter of last year. The operational EBITDA is 19.55 Cr, up of 104% from 9.54 Cr in the Third quarter of last year. The profit before taxes is Rs 3.84 Cr, down by 81% against Rs 20.33 Cr in the same period of the previous year in the Third quarter. The drop in profit before tax in Q3 is due to mark-to-market losses on investments of Rs 11.04 crores as against Rs 15.42 Cr profit in Q3 of last year.
On a year-to-date basis, the turnover is Rs 693.12 Cr, compared to Rs 694.61Cr for same period of last year. The PBT (profit before taxes) is Rs 89.32 Cr as compared to Rs 112.58 Cr of last year. PAT (Net profit) stood at Rs 69.49 Cr as against Rs 86.39 Cr last year.