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Earnings Call Transcript

VST Tillers Tractors Earnings Call Transcript: 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.

V.S.T Tillers Tractors Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthQ2 +2% YoY, H1 +6%; partly volume-driven, with price hikes taken.
MarginsOp. EBITDA 11% vs 13% LY; commodity-driven contraction, no peer comparison.
Order bookGood government order pipeline for tillers; no numbers given.
Demand visibilityTillers and weeders strong pipeline; tractors hit by Maharashtra drought, flat FY27.
Management confidenceBalanced: 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.

Source

Earnings Call Transcript filed with BSE, NSE: VSTTILLERS. Summary written with AI assistance from the document.

Read the document ↗

VST Tillers Tractors Ltd: 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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