VST Tillers Tractors: March ’22 Results Update
Moneylife Digital Team 19 May 2022
VST Tillers Tractors (VST) came out with good numbers for March 2022 as its sales grew by 12% to Rs218 crore on a y-o-y (year-on-year) basis and operating profit declined slightly to 14% from 15% sequentially due to higher raw materials prices. Net profit margin (NPM) was flat at 10%. In the short term, tiller and tractor sales are expected to rise on account of normal monsoon; but if it...
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