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VST Tillers
Tractors hosted a conference call on Nov 6, 2025. The company was represented
by: Mr. V T Ravindra – Managing Director, Mr. Antony Cherukara – Chief
Executive Officer, and Mr. Nitin Agrawal – Chief Financial Officer.
Key takeaways of the call
The company achieved
its highest turnover for the quarter, up 11.19% YoY.
The decline in
PAT is attributable to mark-to-market (MTM) losses arising from fair value
changes in investments in Q2 FY26. The company has noted that these fair-value
swings have affected results and is focusing on managing its investment
portfolio to reduce such fluctuations going forward.
In Q2 FY26,
domestic tractors sales grew 15.6% YoY to 1,068 units. In H1 FY26, domestic
tractors sales grew 10.3% YoY to 2,011 units.
The company has
now entered high HP tractor space via its joint venture VST ZETOR. The company
is planning to lau...
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