VST Tillers Tractors Ltd Net profit surge by 32 Percent to Rs 121.51 Cr for the year ended March 31st, 2024

Bengaluru, 9th May 2024: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their annual financial results for the year ended March 31, 2024.

VST Zetor

For the financial year 2024, VST achieved the highest-ever net profit of Rs 121.51 Cr, a surge by 32% compared to Rs 92.36 Cr of the previous year. Companies’ Earnings before interest, taxes, depreciation & amortization (EBITDA) rose by 21% to Rs 184.77 Cr compared to Rs 152.16 Cr during the previous year. Revenue from operations, saw a degrowth of 3.8% from Rs 1006.43 Cr to Rs 968.05 Cr. The company was able to maintain healthy growth in profitability and cash generation despite the adverse monsoon during the last season in the key markets.

For the quarter ended March 31st, 2024, VST reported a turnover of Rs. 273.44 crores. The company’s earnings before interest, taxes, depreciation & amortization (EBITDA) for the quarter stood at Rs 50.22 Cr (17.69%) as against Rs 59.78 Cr (18.23%) in the same quarter of the previous year. The net profit margin for the quarter improved to 12.37% from 12.25% of Q4 FY23.