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Login Open ICICI 3-in-1 Account

Entry Price

1,800.00

Target

2,275.00

Recommend Date

31-03-2021

Return

26.39 %
BUY

Date : 31-03-2021

VST Tillers & Tractors (VST) reported a robust performance in Q3FY21. Net sales for the quarter were at | 203 crore, up 65% YoY. Power tiller sales volume in Q3FY21 was at 6,734 units, up 80% YoY while tractor sales volume was at 2,436 units, up 36% YoY. EBITDA in Q3FY21 came in at | 30 crore with EBITDA margins at 14.7% and ensuing PAT at | 31 crore. Higher PAT in Q3FY21 was also supported by higher than anticipated other income