VST Tillers Tractors Q2 Results Review. | Techno Glob

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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.

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