VST Tillers Tractors Limited , a leading Indian farm equipment manufacturer, has announced its financial results for the second quarter and first half of the fiscal year 2026, ending September 30, 2025. The company has demonstrated robust revenue growth, particularly in its half-yearly performance.

Q2 FY2026 Performance

For the second quarter of FY2026, VST Tillers Tractors reported:

*Excluding fair value adjustments on investments

The company's revenue from operations saw a healthy increase of 11.2% year-over-year. However, the reported net profit showed a decline, primarily attributed to lower fair value gains on investments. When adjusted for these fair value changes, the net profit increased by 13.8%.

H1 FY2026 Highlights

The half-yearly results paint a more comprehensive picture of the company's performance:

VST Tillers Tractors showcased impressive growth in its half-yearly performance. The company's revenue surged by 26.1% compared to the same period in the previous fiscal year. Net profit also saw a modest increase of 3.3%.

A standout metric in the half-yearly results is the operational EBITDA, which rose significantly from ₹51.17 crore to ₹78.66 crore, marking a substantial 53.7% increase. This improvement in operational efficiency is a positive indicator of the company's core business performance.

Company Overview

VST Tillers Tractors Limited, established in 1967, has cemented its position as India's leading farm equipment manufacturer. The company specializes in the production of tillers and 4WD compact tractors, holding the distinction of being the largest Indian manufacturer in these categories.

The strong revenue growth and improved operational EBITDA suggest that VST Tillers Tractors is effectively capitalizing on the demand for agricultural equipment in India. As the country continues to focus on agricultural mechanization, companies like VST are well-positioned to benefit from this trend.

VST Tillers Tractors Limited , a key player in the agricultural machinery sector, has provided insights into its financial targets and production outlook during a recent conference call. The company's management expressed optimism about achieving its revenue goals ahead of schedule, while also sharing production targets for its tractor segment.

Revenue Target in Sight

The management of VST Tillers Tractors affirmed that reaching their INR 2,000 crore revenue target could be accomplished faster than initially planned, contingent on stable market conditions. This statement reflects the company's confidence in its growth trajectory and market position.

Tractor Production Guidance

For the fiscal year 2025-26, VST Tillers Tractors has set its sights on a significant production milestone:

This production guidance for tractors indicates the company's plans to expand its manufacturing capabilities and market presence.

Cautious Optimism on Revenue Projections

While the company remains positive about its growth prospects, the management has adopted a more measured approach to providing specific revenue projections. This cautious stance stems from past experiences with market uncertainties. However, the management did indicate that if conditions remain normal, they expect to continue growing at a pace faster than previously anticipated.

Financial Performance Highlights

The company's recent financial results underscore its market position:

These figures demonstrate VST Tillers Tractors' ability to maintain growth momentum.

Segment-wise Performance

The company reported growth across various product segments:

The significant growth in power weeders and reapers suggests diversification of the company's product portfolio and expanding market reach.

VST Tillers Tractors' focus on achieving its revenue targets, coupled with its production guidance for tractors, indicates the company's commitment to growth in the agricultural machinery sector. As the company navigates market dynamics, its cautious yet optimistic approach to financial projections reflects a balanced strategy for expansion.

Investors and market observers will likely keep a close watch on VST Tillers Tractors' performance in the coming quarters, particularly its progress towards the INR 2,000 crore revenue milestone and its ability to meet the projected tractor production targets.