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. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Total Income: ₹282 crore, up 47.6% year-over-year (YoY) and down 6.3% quarter-on-quarter (QoQ).
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Total Expenses: ₹251.74 crore, up 36.4% YoY and 6.1% QoQ.
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Profit Before Tax (PBT): ₹56.60 crore, up 102.6% YoY and 31.5% QoQ.
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Tax Expense: ₹12.04 crore, up 136.5% YoY and 52.2% QoQ.
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Profit After Tax (PAT): ₹45 crore, up 95.6% YoY and 80% QoQ.
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Earnings Per Share (EPS): ₹51.5, up 94.9% YoY and 78.3% QoQ.
Operational Highlights for Q1 FY26 Earnings Results
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Achieved highest ever power tiller sales in Q1 FY26 with 11,701 units, a 92% YoY growth.
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Domestic tractors sales increased 5% YoY, with 943 units sold.
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Power weeder sales surged 63% YoY to 2,349 units.
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Tractor exports declined 20% YoY to 312 units, impacted by soft economic growth and logistic challenges in Europe.
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Operational EBITDA margin improved to 13.3% from 7% YoY, reflecting improved operational efficiency.
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Launched new FENTM series tractors (18.5 – 29 HP) and new SFM product lines such as Ranger 50 and Ranger 80 weeders.
Management Commentary
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The strong monsoon season and increased rural consumption have been major growth drivers.
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The launch of new products and sustained growth in power tiller and power weeder segments bolstered overall sales and profitability.
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Positive outlook for Q2 FY26, with encouraging July 2025 sales data supporting continued momentum.
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Management anticipates FY26 power tiller sales of 60,000 to 70,000 units.
Q4 FY25 Earnings Results
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Total Income: ₹301 crore, up 10.2 percent on the YoY basis
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Profit Before Tax: ₹57 crore, up 32.5 percent on the YoY basis.
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Profit After Tax: ₹25 crore, down from ₹35 crore during the same quarter last year.
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Shows consistent growth into Q1 FY26.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.