VST Tillers Tractors Ltd posts a 9.36% rise in profit to ₹48.73 crore in Q1, driven by strong power tiller sales and strategic product focus despite supply and cost challenges.
VST Tillers Tractors Ltd posted a stronger first quarter, with profit rising 9.36% to ₹48.73 crore for the period ended June, helped by higher volumes even as the company faced supply disruptions and inflation in commodity costs. Revenue from operations increased 11% to ₹313.4 crore, while operating EBITDA climbed to ₹40.29 crore, leaving the margin at 12.85%, the company said.
The improvement came largely from its core farm equipment business. Power tiller sales rose 17.9% to 13,801 units from 11,701 a year earlier, reinforcing the category’s role as the main growth engine. Domestic tractor sales also advanced, edging up 4.5% to 985 units, although export tractor volumes slipped about 12% to 275 units.
Other product lines showed a mixed pattern. Sales of power weeders jumped 56.7% to 3,680 units, while power reaper sales fell sharply to 28 units from 80 in the same quarter last year. That uneven performance suggests the company is still benefiting from broad demand for mechanised farm equipment, even if some niche categories remain volatile.
The latest quarter follows a strong run for the Bengaluru-based manufacturer in recent months. In May, VST reported a 28.28% rise in total sales to 4,472 units, with power tillers again driving most of the growth, according to figures it released. Separately, company updates and market commentary earlier this year pointed to robust demand from small and medium farmers, as well as management’s focus on retail finance and new products, including electric weeders, to support further growth.
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