VST Tillers Tractors Ltd Net profit surge by 32 Percent to Rs 121.51 Cr for the year ended March 31st, 2024

Bengaluru, ninth May 2024: VST Tillers Tractors Limited (VST), India’s main farm tools producer, immediately introduced their annual monetary outcomes for the year ended March 31, 2024.

For the monetary year 2024, VST achieved the highest-ever internet profit of (*32*) 121.51 Cr, a surge by 32% in contrast to (*32*) 92.36 Cr of the earlier year. Companies’ Earnings earlier than curiosity, taxes, depreciation & amortization (EBITDA) rose by 21% to (*32*) 184.77 Cr in contrast to (*32*) 152.16 Cr throughout the earlier year. Revenue from operations, noticed a degrowth of three.8% from (*32*) 1006.43 Cr to (*32*) 968.05 Cr. The firm was ready to preserve wholesome progress in profitability and money technology regardless of the opposed monsoon throughout the final season in the key markets.

For the quarter ended March thirty first, 2024, VST reported a turnover of (*32*). 273.44 crores. The firm’s earnings earlier than curiosity, taxes, depreciation & amortization (EBITDA) for the quarter stood at (*32*) 50.22 Cr (17.69%) as towards (*32*) 59.78 Cr (18.23%) in the similar quarter of the earlier year. The internet profit margin for the quarter improved to 12.37% from 12.25% of This autumn FY23.