BQ Prime’s special research section is based on India’s leading brokers; Combines quality and in-depth equity and business research reports from asset managers and research agencies. These reports provide subscribers of BQ Prime with companies, It provides an opportunity to expand understanding of sectors and the economy.
VST Tillers Tractors Ltd. reported good performance in Q2 FY23.
Net sales for the quarter stood at Rs 234 crore; flat YoY; QoQ, this came amid power tiller sales volume of 8,819 units (2% YoY) and tractor sales volume of 1,688 units (27% YoY).
VST Tillers’ Ebitda for the quarter came in at Rs 32 crore with corresponding Ebitda margins of 13.8%. However, This is a meaningful recovery from the 7.2% levels reported in Q1 FY23.
Profit after tax in Q2 FY23 was Rs 22.7 crore, down 29% YoY. In the balance sheet, VST Tillers witnessed adverse working capital cycle in H1 FY23 resulting in negative cash flow from operations.
Click on the attachment to read the full report:
This report was written by a third party. BQ Prime does not guarantee the accuracy of its contents and is not responsible for them in any way. The content in this section does not constitute investment advice. For this, you should always consult a professional based on your individual needs. The views expressed in the report are those of the author’s organization and do not necessarily represent the views of BQ Prime.
Users copy content without the permission of the original owner; No license to modify or distribute.