VST Tillers Tractors Ltd - Business News Week

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VST Tillers Tractors Ltd reported Net profit of Rs 44.93 Cr, up by 23 Percent YoY, for the quarter ended Sept 30th, 2024

Nov 4, 2024 by Sujata 0 Comments #financial results, #VST Tillers Tractors Ltd

Bengaluru, 4th Nov 2024: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their financial results for the quarter and half year ended Sept 30, 2024.

VST 929 DI - 1

For the Quarter, VST achieved the turnover of Rs 283.43 Cr, up from Rs 278.51 Cr in the second quarter of last year. The profit before taxes is Rs 57.53 Cr, up 16% from Rs 49.66 Cr in the same period previous year. Net profit rose by 23% to Rs 44.93 Cr YoY.

On year-to-date basis, the turnover is at Rs 474.02 Cr, compared to Rs 524.65 Cr in the first half of last year. The unfavorable circumstances in the first quarter of this year, which is now recovering from Q2, are the cause of the turnover’s degrowth. Maintaining the same margin on sales, the profit before taxes is Rs 85.47 Cr as opposed to Rs 92.25 Cr of last year. Net profit stood at Rs 67.78 Cr as against Rs 69.44 Cr last year.

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VST Zetor enters Rajasthan

Jun 11, 2024 by Sujata 0 Comments #Business Head, #DI Engine, #HTC Investments, #Mr. K.K. Tiwari, #Rajasthan market, #Sihag Auto & Farm-Tech Pvt Ltd, #Tractors, #UCWLT, #VST & ZETOR, #VST Tillers Tractors, #VST Tillers Tractors Ltd, #VST Zetor range of tractors, #VST Zetor Tractors, #VZ Matic hydraulics

VST Zetor enters Rajasthan 2

VST Zetor range of tractors, jointly developed by VST Tillers Tractors Ltd and HTC Investments a.s, announced its entry into the Rajasthan market and delivered the first set of tractors to the farmers of Hanumangarh. VST Tillers Tractors and VST Zetor also inaugurated its first dealership in the state, Sihag Auto & Farm-Tech Pvt Ltd, in Hanumangarh. Mr. K.K. Tiwari, Business Head, Tractors, VST Tillers Tractors Ltd. inaugurated the dealership and handed over the first tractor to customers. Over 1500 farmers attended the inaugural event.

Launched in May 2024, VST Zetor offers 3 innovative tractors, VST ZETOR 4211, VST ZETOR 4511, and VST ZETOR 5011 in the 41 to 50 HP range. These products are jointly developed in India by VST & ZETOR after taking valuable inputs from the farming community in India.

VST Zetor tractors feature an indigenously made powerful, best-in-class DI Engine with UCWLT to get the best mileage, fully constant mesh transmission with helical gears, and VZ Matic hydraulics. Its wider Platform, dual diaphragm clutch, optimum turning Radius, adjustable premium seat, dual-acting power steering and aerodynamic styling ensure ease of operation with desired comfort.

VST Zetor enters Rajasthan

VST ZETOR tractors are best suited for a wide range of applications from land preparation to post-harvest operations. It is highly compatible with all heavy-duty non-agriculture tasks along with all primary, secondary tillage and haulage applications of Agriculture.

VST ZETOR

VST ZETOR embodies a groundbreaking collaboration between VST Tillers Tractors Ltd and HTC Investments a.s., dedicated to delivering high-quality tractors to Indian farmers. Rooted in the principle of ‘Global Technology, made in India,’ the collaboration seamlessly combines VST’s renowned FAST & Frugal approach with ZETOR’s cutting-edge engineering. This synergy ensures both immediate relevance and future preparedness to address the dynamic needs of Indian agriculture.

VST Tillers Tractors Ltd

VST pioneers 4WD COMPACT Tractors and dominates the Power tiller market with over 70% share. Our commitment to trust and transparency strengthens bonds with small and marginal farmers, offering user-friendly, affordable, and technologically advanced solutions for seamless productivity. Expanding into the Higher HP Tractor segment with our Fast, Frugal, and Futuristic product approach. VST offers the widest range of products to its channel partners for most profitable business opportunities.

business

Axis Bank Partners with VST Tillers Tractors Ltd to Offer Financial Solutions to Farmers for Farm Equipments

May 22, 2024 by Gayathri Pariti 0 Comments #Axis Bank, #Chandigarh, #Financial solution, #Financial Solutions to Farmers, #Mr. Munish Sharda, #Mr. Rajesh Dhage, #Mr. Ramasawmy Gopalakrishnan, #one of the leading private sector banks in India, #VST Tillers Tractors Limited, #VST Tillers Tractors Ltd

Chandigarh, 22 May 2024: Axis Bank, one of the leading private sector banks in India signed a Memorandum of Understanding (MOU) with VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, to offer financial solutions to the farmers for purchasing tractors and farm mechanisation products. As per the agreement, Axis Bank will provide financial solutions to VST’s prospective customers through its extensive network of 5370+ branches spread across geography.

Axis Bank signs MoU with VST Tillers Tractors Limited

The MOU was signed by Mr. Rajesh Dhage, Business Head of Farm Mechanization, Axis Bank, and Mr. Antony Cherukara, CEO of VST Tillers Tractors Ltd in the gracious presence of Mr. Ramasawmy Gopalakrishnan, Head – Retail Assets for Bharat Banking, Axis Bank, and Mr. V T Ravindra, Managing Director of VST Tillers Tractors Ltd.

Axis Bank will leverage its extensive footprint to reach out to the farmer community to ensure that they have an easy access to credit facility for adapting farm mechanization. This partnership will enable farmers to avail hassle-free, affordable, and flexible credit facilities to transform the agricultural sector. The Bank will offer flexible repayment options, swift sanctions, and special benefits on EMI options to encourage the farmers to opt for adapting farm mechanization.

Mr. Munish Sharda, Executive Director and Head – Bharat Banking, Axis Bank, said, “It has been our constant endeavour to engage and empower rural communities and marginal farmers by providing them with the most suitable financial solutions. By partnering with VST Tillers & Tractors, we have combined forces to address various financial challenges faced by these communities, while encouraging them to adopt effective farming techniques. As we strengthen our alliance with numerous partners and pioneers from rural India, we are confident of making a positive and meaningful impact in the lives of millions of farmers across the nation.”

business

VST Tillers Tractors Ltd and Axis Bank partners to offer Financial Solutions to Farmers for Farm Equipment’s

May 22, 2024 by Sujata 0 Comments #Antony Cherukara, #Axis Bank, #Bharat Banking, #Farm Mechanisation products, #Mr. Antony Cherukara, #Munish Sharda, #private sector banks, #private sector banks in India, #Rajesh Dhage, #Ramasawmy Gopalakrishnan, #V T Ravindra, #VST Tillers Tractors Limited (VST), #VST Tillers Tractors Ltd

Bengaluru, 22nd May 2024: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, signed a Memorandum of Understanding (MOU) with Axis Bank, one of the leading private sector banks in India, to offer financial solutions to the farmers for purchasing tractors and Farm Mechanisation products. As per the agreement, Axis Bank will provide financial solutions to VST’s prospective customers through its extensive network of 5370+ branches spread across geography.

VST Tractors and Axis bank

The MOU was signed by Mr. Antony Cherukara, CEO of VST Tillers Tractors Ltd and Mr. Rajesh Dhage, Business Head of Farm Mechanization, Axis Bank, in the gracious presence of Mr Ramasawmy Gopalakrishnan, Head – Retail Assets for Bharat Banking, Axis Bank, and Mr. V T Ravindra, Managing Director of VST Tillers Tractors Ltd.

As per the MOU both the companies will leverage their extensive footprint to reach out to the farmers community to ensure that they have an easy access to credit facility for adapting farm mechanization. This partnership will enable farmers to avail hassle-free, affordable, and flexible credit facilities to transform the agricultural sector. The Bank will offer flexible repayment options, swift sanctions, and special benefits on EMI options to encourage the farmers to opt for adapting farm mechanization.

Speaking on the occasion of signing the MOU, Mr Antony Cherukara, CEO, of VST Tillers Tractors Ltd. said “We are delighted to partner with one of the leading Banks in the country and make our innovative farm equipment more accessible and affordable to farmers. Our partnership is aligned with our joint goal of enabling farmers in rural India to mechanize farming and thereby increase productivity. At VST, it is our constant endeavour to facilitate ease of farming, by bringing down the overall time and cost of farming and improving output and farm income. We are sure that this MoU will especially help small and marginal farmers in availing hassle-free credit facilities for buying our products.”

Mr. Munish Sharda, Executive Director, and Head – Bharat Banking, Axis Bank, said, “It has been our constant endeavour to engage and empower rural communities and marginal farmers by providing them with the most suitable financial solutions. By partnering with VST Tillers Tractors Ltd, we have combined forces to address various financial challenges faced by these communities, while encouraging them to adopt effective farming techniques. As we strengthen our alliance with numerous partners and pioneers from rural India, we are confident of making a positive and meaningful impact in the lives of millions of farmers across the nation.”

Both organizations share a common vision of empowering farmer community by providing hassle-free solutions and encouraging entrepreneurship in the agricultural sector. Axis Bank will offer easy finance options, with minimal documentation, to encourage farmers to adopt innovative techniques for enhancing their productivity and thereby, increase their income. This collaboration is an important step towards supporting and empowering the agricultural sector.

business

VST Tillers Tractors Ltd Net profit surged by 65 Percent to Rs 86.39 Cr for the Nine months ended Dec 23

Feb 5, 2024 by Sujata 0 Comments #VST Tillers Tractors Limited (VST), #VST Tillers Tractors Ltd

Bengaluru, February’ 2024: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, announced their Quarter 3 and Nine-month results for the financial year 2023-24.

For Nine months, VST has achieved a turnover of Rs 694.61 Crore compared to Rs 683.82 Crore during the corresponding period of the previous financial year, an increase of 1.60%. Earnings before interest, taxes, depreciation & amortization (EBIDTA) rose by 45% to Rs 134.5 Cr compared to Rs 92.4 Cr during the same nine-month period of the previous year. Net profit stood at Rs 86.39 crore for YTD Dec 23 compared to Rs.52.22 crore YTD Dec 22 with a growth of 65%.

For the quarter, VST reported a turnover of Rs. 169.96 crores. The company’s earnings before interest, taxes, depreciation & amortization (EBITDA) stood at Rs 27.70 crore for Quarter 3, which is 14.7 % of total revenue. In the previous year Q3, the EBITDA margin was 14.6%.

The company has also registered growth of 38% in the export of tractors for nine months of FY24. The joint venture entity, VST Zetor Pvt Ltd., between the company and HTC Investments a.s (owner of the brand “Zetor”) commenced operations in the quarter.

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Innovative Farming Solutions for Women Farmers by VST Tillers Tractors at the Krushi Odisha 2024 Exhibition

Jan 18, 2024 by Sujata 0 Comments #Farming Solutions for Women Farmers, #Krushi Odisha, #Krushi Odisha 2024 Exhibition, #VST Tillers Tractors, #VST Tillers Tractors Ltd

18 January 2024: VST Tillers Tractors Ltd, one of India’s leading farm equipment manufacturers, showcased its range of innovative products at the Krushi Odisha exhibition at Janata Maidan, Jaydev Vihar, Bhubaneswar. In line with the theme of the exhibition ‘Celebrating Women in Agriculture’ VST is displaying smart farm machines that are compact, handy, and easy to use for women farmers. Honourable Chief Minister Shri Naveen Patnaik Inaugurated the exhibition.

VST at Krushi Odisha 2024 1

VST Tillers Tractors, which commands a leadership position in power tillers with more than 70 percent market share, is working with the State Government towards women empowerment in Agriculture by supporting them with innovative Smart Farm Machines.

It was a wide range of products from 2 HP to 50 HP used in different applications and crops The Products were appreciated by women farmers, WSHG, and officials of the agriculture and food production department at the exhibition. Major attractions at the stall were the remote-controlled power tiller, electric start 16 HP power tiller & 932 DI owners’ tractor (32 HP category).

VST at Krushi Odisha 2024

Another attraction from VST Tillers Tractors at the show is, the VST 929DI EGT compact tractor which is equipped with a three-cylinder 30 HP category DI Engine, and offers higher power, Torque, and greater fuel efficiency. The Tractors is available with a unique DUAL TRAC feature to manage the narrowest working in the sugarcane field while operating with Standard Trac in other fields. VST’s Series 9 range of tractors are equipped with multiple features to meet the growing needs of farm mechanization at Orchard, vineyards, and Horticulture farms, some of the features like Fully Synchromesh Gearbox, and MID, RPTO, Independent PTO options are first-time in its segment Premium.

Krushi Odisha

Department of Agriculture & Farmers Empowerment, Govt of Odisha is organizing the ‘Krushi Odisha 2024’, a three-day event from 12-14th January 2024 in Janata Maidan, Bhubaneswar, Odisha. FICCI is a partner for the event. The theme for the event is ‘Celebrating Women in Agriculture’. The objective of the event is to recognize the contribution of women in the field of Agriculture and allied sectors and to initiate a platform for interface and linkage among women farmers, SHGs, women agri- agri-entrepreneurs, market players, service providers, agri-preneurs, and industry.

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