Q2 2026 VST Tillers Tractors Ltd Earnings Call Transcript
Key Points
- VST Tillers Tractors Ltd (BOM:531266) achieved the highest Q2 turnover ever, with revenue reaching INR315 crores, up from INR283 crores last year.
- The company reported a 26% growth in total revenue generation for H1, reaching INR598 crores compared to INR474 crores in the previous year.
- Cash generation from operations improved significantly, with INR62.5 crores generated in H1 compared to INR52.1 crores last year.
- Power tiller sales saw a remarkable 43% growth in H1, with 24,829 units sold compared to 17,325 units last year.
- The company has launched new products with advanced technology, such as the 3.22 L engine and 16 4 transmission, which have received positive market feedback.
- Exports declined by about 33% in Q2, with only 254 units exported compared to 382 units last year.
- The operational EBITDA margin remained flat at 13.1% in Q2, slightly down from 13.3% last year.
- The PAT (Profit After Tax) decreased to 25.4% from 44.9% last year, primarily due to MTM (Mark-to-Market) losses.
- The company faces challenges in the logistics of exports, with shipping timelines extending from 30-45 days to 60-90 days.
- The entry into the higher horsepower tractor market is competitive, with VST being a late entrant among 17-18 brands, requiring differentiation and market penetration efforts.
Ladies and gentlemen, good day and welcome to VSC Tiller Tractors Limited, 2 F 2,526 postal sales conference call hosted by BNK Securities. From VST Tiller Practice Limited Management, we have with us today Mr. BT Ravindra, Managing Director, Mr. Anthony Sikkara, Chief Executive Officer, and Mr. Nitin Agarwal, Chief Financial Officer.
At this point, all participants line will be in the lesson mode, and there will be an opportunity for you to ask questions after the management presentation and opening remarks. Over to you, sir.
Good evening, everyone, and welcome to the Q2 conference call. This is Anthonychgras, Chief Executive Officer of the company.
We'll start with the presentation, Safe Harbor and the key highlights, sales volume, financial performance, and certain awards and recognitions we have earned through this quarter will be shared with you. Some of the key highlights of Q2 and H1, we had the highest turnover of
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