V.S.T. Tillers Tractors Ltd. reported a 25% increase in operational revenue to ₹1240 crore for FY26, up from ₹994 crore in the previous year. The company's operating EBITDA grew 49% to ₹165.9 crore, improving margins to 13.4% from 11.2% in FY25. Profit after tax (PAT) rose 15% to ₹106 crore, while PAT excluding fair value gains surged 61% to ₹113 crore. The company disclosed these financial results during an investor presentation at the 360 ONE 16th Annual Global Investor Conference in Mumbai on May 28, 2026.

Financial Performance

Total revenue for FY26 stood at ₹1245 crore. The growth was driven by a focus on operational efficiency and strategic initiatives, despite challenges such as fair value losses impacting the reported PAT. The presentation highlighted that FY26 PAT was impacted by a fair value loss of ₹30 crore compared to the previous year.

Operational Metrics

VST Tillers Tractors maintained profitability with a cash generation from operations of ₹132 crore in FY26. The company's net working capital days improved to 43 days from 59 days in the previous year. Inventory days stood at 36, while receivables days decreased to 51. The Earnings Per Share (EPS) for FY26 was 123, with EPS excluding mark-to-market gains reaching 130.

Strategic Outlook

The company outlined its strategic directions, including evolving power tillers into small farm machines, maximizing capacity utilization for high-horsepower tractors, and promoting precision implements. VST Tillers Tractors continues to focus on leadership in the compact tractor segment and exploring rural distribution opportunities.

VST Tillers Tractors Limited has confirmed that its promoters and persons acting in concert have not created any encumbrance on shares during the financial year ended March 31, 2026. The disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing ensures transparency regarding the pledging or hypothecation of promoter holdings, a key metric for investor risk assessment.

The company explicitly stated that no new encumbrances were made directly or indirectly during FY26, other than those already disclosed to the exchanges. This declaration covers all shares held by the promoters and entities acting in concert with them. The confirmation was signed by Promoter V.T Ravindra on April 03, 2026.

Regulatory Filing Details

The disclosure was addressed to the General Manager of Listing at the National Stock Exchange of India Ltd and the Manager Listing at BSE Ltd. The submission serves as a formal declaration for the records of the exchanges and the Audit Committee of VST Tillers Tractors Limited.

Signatories to the Disclosure