VST Tillers Tractors reported a standalone net profit of ₹487.3 crore for the first quarter ended June 30, 2026, an increase of 9.2% from ₹445.6 crore in the corresponding period of the previous fiscal year. Revenue from operations expanded by 10.7% year-on-year to ₹3,134 crore, up from ₹2,824.5 crore previously.

The tractor manufacturer’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 8.3% to ₹664.2 crore, compared to ₹613 million in the prior year quarter. However, the EBITDA margin contracted slightly to 21.2% from 21.7% during the same period last year. Consolidated net profit stood at ₹484.3 crore, reflecting a share of loss of ₹30.4 lakh from its joint venture, VST Zetor Private Limited.

Financial Performance Overview

What the Numbers Show

The divergence between revenue growth and margin movement indicates pricing or mix pressures. While revenue grew at a faster pace (10.7%) than EBITDA (8.3%), leading to a 50 basis point contraction in margins, the net profit growth outpaced both top-line and operating profit expansion. This suggests that factors below the operating line, such as tax efficiency or other income, contributed positively to the bottom line despite the slight compression in operating margins. Specifically, fair value gains on investments increased to ₹261.5 crore from ₹237.9 crore in the prior year quarter, constituting a significant portion of the total income growth.

Corporate Developments

The Board of Directors, at its meeting held on August 13, 2026, approved the appointment of M/s. Brahmayya & Co Chartered Accountants (Firm Registration No. 000515S) as the Statutory Auditors of the Company. The appointment is for a term of five years, commencing from the conclusion of the 58th Annual General Meeting until the conclusion of the 63rd Annual General Meeting, subject to shareholder approval.

M/s. Brahmayya & Co is one of India's oldest chartered accountant firms, founded in 1953. The firm provides services including Assurance, Audit, Tax Advisory, Risk Advisory, and Transaction Services across sectors such as Finance & Banking, Manufacturing, Infrastructure, Power, and Services. The current statutory auditors, K.S. Rao & Co., carried out the limited review of the financial results for the quarter ended June 30, 2026.

VST Tillers Tractors Ltd will host an analyst conference call on Thursday, August 13, 2026, at 15:30 IST to discuss its financial results for the first quarter of FY27 (1QFY27). The event provides investors and analysts with an opportunity to review the company’s operational and financial performance for the period.

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Chinmaya Khatua, Company Secretary & Compliance Officer of VST Tillers Tractors Ltd, and dated August 05, 2026.

Conference Call Details

The conference call is being organized in collaboration with 360 ONE CM Research. Participants are required to register in advance via a Webex webinar link provided in the invitation. The session is open to analysts and investors seeking insights into the company’s quarterly performance.

Management Participation

Senior leadership from VST Tillers Tractors Ltd will be present to address queries regarding the 1QFY27 results. The management team includes:

• V T Ravindra, Managing Director
• Antony Cherukara, Chief Executive Officer
• Nitin Agrawal, Chief Financial Officer

For further information or registration assistance, participants may contact Annamalai Jayaraj from 360 ONE Capital Market Research.