VST Tillers Tractors total volumes down 24% yoy in June 2018
Total volumes for India’s largest power tiller manufacturer, VST Tillers Tractors Limited (VSTTL), declined 24% yoy in June 2018. However, these were 55% higher compared to May 2018. It sold a total of 3,819 units in June 2018.
VSTTL sold 2,948 power tillers in June 2018, down 28% yoy but up 68% mom. It sold 871 tractors in June 2018, down 9% yoy but up 23% mom. In terms of volumes, VSTTL derives 77% of its volumes from power tillers and the remaining 23% from tractors. In revenue terms (FY18), 51% is derived from power tillers, 40% from tractors and 9% from other segments such as rice transplantors, harvesters, etc.
For Q1FY19, VSTTL sold 7,294 units, 25% yoy lower and 47% qoq lower.
VST Tillers Tractors Ltd is currently trading at Rs2,274.75 down by Rs37.7 or 1.63% from its previous closing of Rs2,312.45 on the BSE. The scrip opened at Rs2,271.05 and has touched a high and low of Rs2,279.95 and Rs2,245 respectively. So far 8,026 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,997.85cr.
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