Q3 2025 VST Tillers Tractors Ltd Earnings Call Transcript
Key Points
- VST Tillers Tractors Ltd (BOM:531266) reported a 29% growth in revenue for Q3 FY25 compared to the same period last year.
- Operational EBITDA saw a significant increase of 105%, reaching INR19.55 crore from INR9.53 crore in the previous quarter.
- The company experienced a 32% growth in Power Tiller sales and a 43% growth in Tractor sales for the current quarter.
- Retail finance has increased to about 8% of total revenue, up from 3% to 4% last year, with expectations to reach 15% to 20% next year.
- The company is planning to launch new products and expand into new markets, including the US and EU, which could drive future growth.
- The PAT for Q3 FY25 was significantly impacted by a mark-to-market loss of INR11.04 crore, resulting in a PAT of INR1.69 crore compared to INR16.95 crore in Q3 FY24.
- Despite revenue growth, the company still faces challenges from subsidy dependencies in certain states, affecting sales timing.
- The company has experienced delays in finalizing tie-ups with financial institutions for Power Tiller financing, impacting growth in retail finance.
- Export growth to Europe is expected to be flat due to ongoing economic challenges in the region.
- The company's equity investments have led to volatility in financial results, with a notable mark-to-market loss this quarter.
Ladies and gentlemen, good day and welcome to VST Tillers Tractors Limited 3Q FY25 post results conference call, hosted by B&K Securities. From VST Tillers Tractors Limited management, we have with us today, Mr. Antony Cherukara, Chief Executive Officer; Mr. Nitin Agrawal, Chief Financial Officer.
(Operator Instructions)
Also, may I remind you of the Safe Harbor. The company may be making some forward-looking statements that have to be understood in conjunction with the uncertainty and the risk that the company faces. Over to you, sir.
Yes, good morning, everyone. Thank you for being here to attend the Q3 FY25 earnings call. I would request our CFO, Mr. Nitin Agrawal, to take you through the financial results, after which, we will have a question-and-answer session and we will be here to answer all of that.
Yes, good morning, everyone. Nitin Agrawal here, Chief
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