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VST Tillers Tractors Ltd Q1FY24; 230% rise in Profits

VST Tillers Tractors Ltd. was established in the year 1967 by the VST Group of companies, a well-known century-old business house in South India. The founder of the group was Sri V.S. Thiruvengadaswamy Mudaliar.
VST Tillers Tractors Ltd. was promoted by VST Motors as a joint venture since 1966 with Mitsubishi Heavy Industries Ltd, Japan. The company is now the largest manufacturer of Power Tillers in India.

Financial Results:

VST Tillers Tractors Ltd reported Revenues for Q1FY24 of ₹246.00 Crores up from ₹236.00 Crore year on year, a rise of 4.24%.

Total Expenses for Q1FY24 of ₹222.00 Crores down from ₹225.00 Crores year on year, a fall of 1.33%.

Consolidated Net Profit of ₹33.00 Crores up 230.0% from ₹10.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹38.19, up 228.37% from ₹11.63 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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