Business

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

Bengaluru

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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Printable version | Sep 26, 2022 6:15:53 am | https://www.thehindu.com/business/vst-posts-22-rise-in-q1-revenue-to-236-cr/article65751187.ece