VST Tillers Tractors Ltd achieves historic milestone of Revenue of rupee1,006.43 Cr for the Financial Year ended 31st Mar 2023

13th May 2023

VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their Q4 and Annual Results for the financial year 2022-23.

1. Full Year FY 22-23

For full-year FY23, VST has achieved a historic milestone Revenue of Rs 1,006.43 Crores with a healthy growth of 17.8% over FY22. EBITDA margin stood at Rs 152.16 Cr, which is 14.75% on sales. This is despite commodity inflation prices and a reduction in other income from the Mark to Market gain on Investments. Net Profit after tax (PAT) for the full year is Rs. 92.37 crores.

2. Q4 of FY 24

For Q4 FY23, revenue stood at Rs 322.61 crore, registering strong growth of 47.7% over the same quarter last year. EBITDA for Q4 stood at Rs 59.78 Crore, which is 18.23% of Sales. Net Profit after tax (PAT) for Q4 is Rs 40.15 crores.

3. Volumes

VST has achieved the Highest ever sales of Power Tiller at 38,247 units in FY23 and the export of tractors is continuously growing at 1458 Tractors for FY23.

4. Dividend

The Board of Directors has proposed a dividend of Rs 25/- per share for the year, which is 250% of the face value of shares of Rs. 10/- each.