VST Tillers Tractors Ltd Share Price – NSE  /  BSE

Automobile, Small Cap

Revenue from operations dropped 15.24% year on year to Rs 273.44 crore in the quarter ended 31 March 2024.

Profit before tax in Q4 FY24 was at Rs 42.66 crore, down 18.87% as against Rs 52.58 crore posted in Q4 FY23.

EBITDA stood at Rs 50.22 crore in the March quarter, registering a decline of 16% from Rs 59.78 crore recorded in Q4 FY24. EBITDA margin reduced to 17.69% in Q4 FY24 as compared to 18.23% registered in the corresponding quarter previous year.

On full year basis, the company's consolidated net profit jumped 31.06% to Rs 121.06 crore despite of 3.81% decline in revenue to Rs 968.05 crore in FY24 over FY23.

The company stated that it was able to maintain healthy growth in profitability and cash generation despite the adverse monsoon during the last season in the key markets.

Meanwhile, the firm’s board has recommended a final dividend of Rs 20 per equity share for the financial year ended 31 March 2024.

VST Tillers Tractors is engaged in the business of manufacture of Power Tillers and Diesel Engines.

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Net profit of VST Tillers Tractors declined 13.45% to Rs 34.75 crore in the quarter ended March 2024 as against Rs 40.15 crore during the previous quarter ended March 2023. Sales declined 15.24% to Rs 273.44 crore in the quarter ended March 2024 as against Rs 322.61 crore during the previous quarter ended March 2023.

For the full year,net profit rose 31.06% to Rs 121.06 crore in the year ended March 2024 as against Rs 92.37 crore during the previous year ended March 2023. Sales declined 3.81% to Rs 968.05 crore in the year ended March 2024 as against Rs 1006.43 crore during the previous year ended March 2023.

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Net profit of VST Tillers Tractors declined 12.53% to Rs 35.12 crore in the quarter ended March 2024 as against Rs 40.15 crore during the previous quarter ended March 2023. Sales declined 15.24% to Rs 273.44 crore in the quarter ended March 2024 as against Rs 322.61 crore during the previous quarter ended March 2023.

For the full year,net profit rose 31.55% to Rs 121.51 crore in the year ended March 2024 as against Rs 92.37 crore during the previous year ended March 2023. Sales declined 3.81% to Rs 968.05 crore in the year ended March 2024 as against Rs 1006.43 crore during the previous year ended March 2023.

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VST Tillers Tractors announced that the Board of Directors of the Company at its meeting held on 9 May 2024, inter alia, have recommended the final dividend of Rs 20 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

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