VST Tillers Tractors: June ’22 Results Update
Moneylife Digital Team 06 September 2022
Sales of tractors of VST Tillers Tractors (VST) saw a growth of 21.6% y-o-y (year-on-year) to Rs236 crore. However, operating profit and net profit saw a huge decline and the respective margins saw contraction, due to inflation in raw materials prices which was on the higher side compared to that of other players. This can be attributed to management’s late price hike which was implemented in...
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