'
VST Tillers
Tractors hosted a conference call on Feb 9, 2026. 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 recorded
an impressive 43.4% YoY revenue growth in Q3 FY26.
Operational EBITDA
for the quarter stood at Rs 40.7 crore, up from Rs 19.6 crore in the same
period last year, with margins rising from 8.9% to 12.9%, after accounting for
the Rs 1.66 crore impact of the new labour code, excluding this, the EBITDA
margin would have been 13.50%.
During 9M FY26,
operational EBIDTA rose to Rs 119.1 crore, compared to Rs 70.7 crore in the
previous year, with margins improving from 10.2% to 13.06%. Excluding the Rs 1.66
crore impact of the new labour code, the EBITDA margin would have been 13.20%.
In Q3 FY26, c...
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