Net sales rose 21.9% year on year to Rs 235.98 crore in the quarter ended 30 June 2022. Profit before tax skumped 59.4% to Rs 12.68 crore in Q1 FY23 as compared to Rs 31.20 crore reported in Q1 FY22.
Total expenses rose 29.5% year on year to Rs 225.58 crore in the quarter ended 30 June 2022. Cost of materials consumed rose 35.5% to Rs 144.26 crore while employee benefits expenses rose 2.19% to Rs 18.68 crore in Q1 FY23 over Q1 FY22.
The company's operational EBITDA stood at Rs 23.73 crore decrease of 3.06% YoY, due to commodity pressure.
VST Tillers Tractors is engaged in the business of manufacture of Power Tillers and Diesel Engines. Shares of VST Tillers Tractors closed 1.83% at Rs 2488.30 on the BSE on Monday.
The domestic equity market is closed today (9 August 2022) on account of Muharram.
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