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Business News/ Auto News / VST Tillers Tractors reports modest rise in May sales
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VST Tillers Tractors reports modest rise in May sales

The engine equipment manufacturing company sold 3,319 power tillers last month, an increase of 282 units from the same period last year. It had sold 3,037 units in May 2022.

Number of tractor units sold by VST Tillers Tractors in May 2023 declined from 591 in May last year to 437 in May 2023.Premium
Number of tractor units sold by VST Tillers Tractors in May 2023 declined from 591 in May last year to 437 in May 2023.

VST Tillers Tractors Ltd has posted an increase in its total sales to 3.756 units in May 2023 compared to 3,628 units sold in May last year. 

The engine equipment manufacturing company sold 3,319 power tillers last month, an increase of 282 units from the same period last year. It had sold 3,037 units in May 2022.

Number of tractor units sold by VST Tillers Tractors in May 2023 declined from 591 in May last year to 437 in May 2023.

The company says that the above figures furnished are not audited. Hence the audited figures may vary.

In April this year, VST Industries announced an equity dividend of 1400.00% at a face value of 10, or 140 per share, for the fiscal year ended March 2022. The dividend yield at the current share price of 3,371.95 is 4.16%. The company has a solid track record of dividend declarations during the past five years. VST Industries Ltd. has issued 22 dividends since May 28, 2001, according to data from Trendlyne.

The company has reported a total income of Rs.405.16 crores during the period ended March 31, 2023 as compared to Rs.417.70 crores during the period ended March 31, 2022, representing a YoY fall of 3%. The company said its net profit reached 68.70 Cr during Q4FY23, down by 21.21% YoY from 87.19 Cr during Q4FY22. The EPS of VST Industries stood at 44.49 during Q4FY23 as compared to 56.47 recorded during the year-ago quarter.

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Updated: 01 Jun 2023, 12:22 PM IST
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