VST Tillers Q1 FY27: Revenue up 11% to ₹313.4 Cr, PAT at ₹48.7 Cr
V.S.T. Tillers reported Q1 FY27 revenue of ₹313.4 crore, an 11% increase. PAT stood at ₹48.7 crore. The company saw strong volume growth in power tillers (+18%) and power weeders (+56%). Management expressed optimism for the near-term outlook and detailed plans for new tractor variants and international market expansion.
The results show growth in revenue and profit, and positive volume trends in specific segments. However, the impact is moderate due to challenges like raw material inflation affecting EBITDA margins and the competitive landscape in the tractor segment.
The company reported positive revenue and PAT growth, along with strong volume increases in key segments like power tillers and power weeders. Management expressed an optimistic outlook for the near future.
V.S.T. Tillers Tractors Ltd. held an investor and analyst conference call on August 13, 2026, to discuss their first-quarter financial performance for FY26-27. The company reported an 11% year-on-year growth in revenue, reaching ₹313.4 crore from ₹282.4 crore in the same quarter last year. Operational EBITDA stood at 12.85%, translating to ₹40.3 crore, though this represented a decrease of 45 basis points from the previous year due to raw material cost inflation. Profit After Tax (PAT) for the quarter was ₹48.7 crore, an increase from ₹44.6 crore in the corresponding period last year.
During the call, management highlighted strong volume growth in specific segments. The power tiller business saw an 18% volume growth, while the domestic tractor business grew by 4.5%. The power weeder segment recorded an impressive 56% growth. The company also discussed the macroeconomic environment, noting challenges such as uneven monsoons, commodity cost inflation, and elevated crude and freight costs.
Looking ahead, the company expressed optimism for the outlook until September, contingent on the monsoon's performance. They are focusing on ramping up production for new tractor variants, including the Zetor and Phantom series, with substantial volume increases expected in Q3 and Q4. VST Tillers plans to launch over 30 tractor variants in the next three years to compete in the higher horsepower segment, aiming to reach close to 20,000 tractor units by FY30, including exports. The company is also working on improving logistics for international markets and plans to introduce hydrostatic transmissions and global platforms for export markets. In the small farm mechanization (SFM) segment, VST Tillers aims to expand its retail counters significantly. The company also addressed capital allocation policies, aiming to maximize shareholder value and exploring opportunities for capital deployment over the next 18-24 months, with no current developments on non-core asset monetization.
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