V.S.T Tillers Tractors Limited has informed the Exchange about Transcript
VSTTILLERS · price
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V.S.T Tillers Tractors reported its highest-ever Q1 turnover of Rs. 282 crore, up 48% year-on-year, driven by record Power Tiller sales of 11,701 units (92% growth) and Power Weeder sales of 2,349 units (63% growth). Operational EBITDA margin expanded sharply to 13.3% from 7% last year, with PAT rising to Rs. 44.6 crore from Rs. 22.8 crore. Management launched the new FENTM tractor series (18.5–29 HP) and four new products in the small farm machinery segment, including electric platforms. The Rs. 3,000 crore revenue aspiration was pushed to FY29–30, while European export headwinds persist due to logistics delays (60–90 days vs. earlier 25–30 days), and the US market entry is deferred to 2027.
Strong quarterly beat with margin expansion and robust volume growth in tillers and weeders is positive for the stock. However, export softness in Europe, deferred Rs. 3,000 crore target, and uncertainty around US tariffs cap near-term upside. Investors should track the electric product launches, retail finance penetration (target 30–40% in two years), and resolution of European logistics issues.