 "farmers, agriculture, MONSOON, produce, products, grains, apmc, market, msp, godown, cold storage, farming, farmers, economy, sowing")
Shares of VST Tillers Tractors advanced 10 per cent to Rs 1,938 on the BSE in the early morning deals on Wednesday after the company posted nearly five-fold year-on-year (YoY) jump in net profit at Rs 29.94 crore in September quarter (Q2FY21) on back of healthy revenue. The commercial vehicles company had clocked a profit of Rs 6.4 crore in Q2FY20 and Rs 17.1 crore in Q1FY21.
Net sales for the quarter came in at Rs 220 crore, up 37 per cent YoY. EBITDA (earnings before interest, taxes, depreciation, and amortization) margins improved 590 basis points sequentially at 17.1 per cent
