V.S.T. Tillers Tractors reports over 3-fold jump in Q1 net profit

V.S.T. Tillers Tractors Ltd. | Automobiles-Tractors | Automobiles | BSE: 531266 | NSE: VSTTILLERS

04 Aug 2023 Evaluate

V.S.T. Tillers Tractors has reported results for first quarter ended June 30, 2023 (Q1FY24).

The company has reported over 3-fold jump in its net profit at Rs 32.99 crore for the quarter under review as compared to Rs 10.05 crore for the same quarter in the previous year. Total income of the company increased by 10.91% at Rs 264.26 crore for Q1FY24 as compared Rs 238.26 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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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