V.S.T Tillers Tractors earnings calls.
Other · 2 quarters tracked · source-linked performance, management guidance and promise context.
Latest revenue
₹328 Cr
verified financial record
Quarters tracked
2
source records in the directory
Delivery assessment
Assessment incomplete
Across 3 tracked commitments. Delivery assessment incomplete while 1 remain unresolved or evidence-limited.
Call date
2026-05-01
latest available source date
Signal trajectory
2 actual quartersCurrent read
Assessment incomplete
Across 3 tracked commitments. Delivery assessment incomplete while 1 remain unresolved or evidence-limited.
Latest source read
What changed this quarter?
VST Tillers reported 25% revenue growth to Rs 1,248 crore for FY26, driven by strong volume performance in power tillers (50,332 units, +35% YoY) and tractors (4,596 domestic units, +18.6%). Q4 showed more modest 9% revenue growth to Rs 328 crore. Operating EBITDA margin expanded 220 basis points to 13.4% for the full year, though the CEO flagged commodity inflation and fuel price increases as emerging margin pressures. PAT (excluding fair value changes) grew 61% to Rs 113 crore. The management declined to give specific FY27 growth guidance citing macroeconomic uncertainties but expressed an aspiration to achieve 25% growth while targeting EBITDA margins of 12-14%. Key strategic initiatives include ZTO high-hp tractor expansion targeting 1,000 units in FY27, retail finance penetration increase from 10% to 20%, and an early-Q2 all-India electric weeder launch. Risks include below-normal monsoon prediction (92% LPA), potential inability to fully pass on commodity inflation, and fertilizer shortages affecting farmer affordability.
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Signal
Watch
Revenue
₹328 Cr
Source date
2026-05-01
Across the record
Quarter history.
History modules