VST Tillers Tractors Ltd reports Net profit of Rs 44.93 Cr in Q2 FY25, up by 23% YoY

VST Tillers Tractors Limited (VST), India's leading farm equipment manufacturer, today announced their financial results for the quarter and half year ended Sept 30, 2024.

For the Quarter, VST achieved the turnover of Rs 283.43 Cr, up from Rs 278.51 Cr in the second quarter of last year. The profit before taxes is Rs 57.53 Cr, up 16% from Rs 49.66 Cr in the same period the previous year. Net profit rose by 23% to Rs 44.93 Cr YoY.

On year-to-date basis, the turnover is at Rs 474.02 Cr, compared to Rs 524.65 Cr in the first half of last year. The unfavorable circumstances in the first quarter of this year, which is now recovering from Q2, are the cause of the turnover's degrowth. Maintaining the same margin on sales, the profit before taxes is Rs 85.47 Cr as opposed to Rs 92.25 Cr of last year. Net profit stood at Rs 67.78 Cr as against Rs 69.44 Cr last year.

Shares of V.S.T Tillers Tractors Limited was last trading in BSE at Rs. 4565.25 as compared to the previous close of Rs. 4623.85. The total number of shares traded during the day was 1300 in over 350 trades.

The stock hit an intraday high of Rs. 4777.00 and intraday low of 4498.20. The net turnover during the day was Rs. 5991926.00.

Source : Equity Bulls

Keywords

VSTTillersTractors INE764D01017 CommercialVehicles Q2FY25 H1FY25 Q2FY2025 H1FY2025 ResultUpdate FY2025