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VST Tillers Tractors reports 48% rise in Q1 net profit

12 Aug 2020 Evaluate

VST Tillers Tractors has reported results for first quarter ended June 30, 2020.

The company has reported 47.79% rise in its net profit at Rs 17.07 crore for the quarter under review as compared to Rs 11.55 crore for the same quarter in the previous year. Total income of the company increased by 7.50% at Rs 155.50 crore for Q1FY21 as compared Rs 144.65 crore for the corresponding quarter previous year.

VST Tillers Tractors was incorporated in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines.

Peers
Company Name CMP
Escorts Kubota 2794.80
VST Tillers Tractors 4236.55
Indo Farm Equipments 136.75
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