VST posts 22% rise in Q1 revenue to ₹236 cr.

Updated - August 09, 2022 09:54 pm IST

Published - August 09, 2022 09:30 pm IST


VST Tillers Tractors Limited (VST), a farm equipment manufacturer, on Tuesday posted a 21.89% rise in Q1 revenue to ₹235.98 crore from ₹193.60 crore in the year-earlier period. Net profit, however, declined by 58% to ₹10.05 crore, compared with ₹24.01 crore in the year earlier.

Rising raw material costs and the capex investments made in the first quarter impacted the bottom-line, the company said. “PAT was impacted by ₹14.05 crore due to mark to market of investments,” the company said in a statement.

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