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 9-month FY26 revenue of INR912 crores, up 32% from INR693 crores last year, with PAT rising to INR100.7 crores from INR69.5 crores. Q3 revenue grew 44% to INR314 crores and PAT jumped to INR30.7 crores from a low base of INR1.7 crores. Operational EBITDA margin expanded to 13.1% for 9M (vs 10.2%) and 12.9% in Q3 (vs 8.9%). Power tiller volumes grew 55%, power weeders 63%, and domestic tractors 18% for 9M, while exports were down 23%. Management guided FY26 growth of 25-30%, plans US market entry by 2027, is setting up a Netherlands base in Q1 FY27, and is evaluating a new manufacturing facility in North/West India as power weeder capacity nears full utilization.
Strong Q3 performance with broad-based volume growth and margin expansion signals healthy business momentum. The US and Europe expansion plans, new product launches (FENTM, electric weeders), and capacity additions point to a positive growth trajectory, though export weakness and dependence on monsoon/subsidy flows remain near-term watchpoints.