VST Tillers Tractors Ltd (NSE:VSTTILLERS)

Q1 2027 VST Tillers Tractors Ltd Earnings Call Transcript

Aug 13, 2026 / 10:00AM GMT

Release Date Price: ₹4601.4 (+3.60%)

Transcript

Key Points

Positve

Power tiller business grew 18% in volume during Q1 FY27.
Domestic tractor sales increased 4.5% year-over-year.
Power weeder segment recorded an impressive 56% growth.
Revenue grew 11% to INR313.4 crores from INR282.4 crores in the same quarter last year.
Bajaj Finance retail financing for tractors nearly doubled to around 1,000 units in Q1.

Negative

Operational EBITDA margin declined by 45 basis points to 12.85% due to raw material cost inflation.
Uneven monsoon and below-normal rainfall outlook pose risks to agricultural demand.
Tractor production ramp-up was slower than expected, limiting Q1 sales to 275 units.
July volumes declined year-on-year due to a high base, especially in tillers.
US market expansion plans are uncertain due to potential tariffs and geopolitical tensions.

Annamalai Jayaraj

360 One Capital Market Research - Analyst

Ladies and gentlemen, good day, and welcome to VST Tillers Tractors Limited 1Q FY26-'27 post results conference call hosted by 360 One Capital Market Research. From VST Tillers Tractors Limited management, we have with us today Mr. V.T. Ravindra, Managing Director; Mr. Antony Cherukara, Chief Executive Officer; and Mr. Nitin Agrawal, Chief Financial Officer. (Event Instructions)

Over to you, sir.

Antony Cherukara

VST Tillers Tractors Ltd - Chief Executive Officer

Yeah. Good afternoon, everyone. I welcome you to the Q1 analyst call. This is the agenda item which we'll discuss today. I'll give you a brief overview of the macroeconomic situation, our sales volume for the quarter and then briefly I'll touch upon the financial performance.

After this, we will open up for the question and answers. So on a macroeconomic situation, as you all know, there's an uneven monsoon. The outlook has been below normal monsoon by the IMD and also the rainfall distribution continues to be uneven. We

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