VST Tillers Tractors Limited (VST), a leading farm equipment manufacturer in India, has announced its financial results for the fourth quarter and the financial year, highlighting a continued growth trajectory and operational resilience.
For the fiscal year 2025-26, VST reported a 25% increase in revenue from operations, reaching ₹1,240 crore compared to ₹995 crore in the previous fiscal year. This marks a significant milestone in the company’s revenue growth journey. The operational EBITDA surged to ₹166 crore from ₹70.7 crore in the prior year, with margins improving by 221 basis points to 13.38% from 11.17%. The operational EBITDA figures exclude other income and fair value gains or losses on investments.
The company’s Profit After Tax (PAT) stood at ₹106 crore, up from ₹94 crore in FY2024-25. When excluding the impact of fair value adjustments on investments, the adjusted PAT rose by 61% to ₹113 crore from ₹70 crore in the previous year. Additionally, VST generated strong operating cash flows of ₹132 crore, a notable increase from ₹76 crore in the previous fiscal year, supported by improved operational performance and efficient working capital management.
In the fourth quarter of FY2025-26, VST reported revenue from operations of ₹328 crore, marking a 9% growth compared to the same quarter in the previous year. The operational EBITDA for the quarter increased to ₹46.82 crore from ₹40.37 crore in Q4 FY2024-25, with EBITDA margins improving to 14.2% from 13.4% in the corresponding period last year. The reported PAT for the quarter was ₹5 crore, down from ₹25 crore in Q4 FY2024-25. However, excluding the impact of fair value adjustments on investments, the adjusted PAT increased by 36% to ₹39 crore from ₹28 crore in the same quarter of the previous year.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).