ALFA Finder
The call ran from 3:29 PM to 4:04 PM IST (36 min).
Key takeaways
Q2 revenue rose ~2% to ₹321.6 Cr; operational EBITDA margin fell ~200 bps to 11% on commodity inflation. PAT dipped to ₹22.8 Cr; tractors guided flat on the Maharashtra drought.
| Revenue growth | Q2 +2% YoY, H1 +6%; partly volume-driven, with price hikes taken. |
|---|---|
| Margins | Op. EBITDA 11% vs 13% LY; commodity-driven contraction, no peer comparison. |
| Order book | Good government order pipeline for tillers; no numbers given. |
| Demand visibility | Tillers and weeders strong pipeline; tractors hit by Maharashtra drought, flat FY27. |
| Management confidence | Balanced: confident on power tillers and weeders, cautious on tractors. |
Growth
Revenue +2% to ₹321.6 Cr; H1 +6% to ₹635 Cr. Operational EBITDA 11% vs 13%, raw-material driven.
Outlook
Power weeders ~40% growth in FY27; Zetor 40–50%; domestic and export tractors flat; Netherlands warehouse ops from Q4.
Risks
Maharashtra drought (~40% of compact tractor sales) deepening; commodity-driven margin squeeze; inventory and receivables rising.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
VST Tillers Tractors Q2 FY27 Results: Net Profit ₹22.4 Cr, Down 10.4% YoY
VST Tillers Tractors Ltd reported revenue from operations of ₹321.6 Cr (+2.1% YoY) and net profit of ₹22.4 Cr (-10.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹22.4 Cr · -10.4% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Strategic focus on evolving power tillers to small farm machines, leadership in compact tractors, and expanding 40+ country presence.
Growth they described
FY26 Revenue grew 25% YoY to ₹1240 Cr. Op. EBITDA surged 49% to ₹165.9 Cr. PAT rose 15% to ₹106 Cr.
Call details
| Company | V.S.T Tillers Tractors Limited |
|---|---|
| NSE symbol | VSTTILLERS |
| ISIN | INE764D01017 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 3:30 PM IST |
| Length | 36 min |
V.S.T Tillers Tractors Limited: key numbers
- Share price
- ₹3,890.90
- Market cap
- ₹3,363 Cr
- Revenue (annual)
- ₹1,240 Cr
- Net profit (annual)
- ₹104.7 Cr
- P/E (TTM)
- 31.6×Sector 33.1×
- Promoter holding
- 55.55%+0.00% QoQ
- FII holding
- 1.11%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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