Published By : Khetigaadi Team 17
Power Tiller volumes down 12 % yoy, tractor volumes up 22nd yoy
Total volumes for India’s largest power tiller manufacturer, VST Tillers Tractors limited (VSTTL), declined 6% yoy in November 2018. Volume was higher by 46th compared to October 2018. It oversubscribed a total of 2,736 units in November 2018 against 2,922 units in Nov 2017 and 1,879 units in October 2018. VSTTL sold 2,108 power tillers in November 2018, down 12% yoy and up 102% mom. It oversubscribed 628 tractors in November 2018, up 22 yoy and down 25th mom. In terms of volumes in November 2018, VSTTL derived seventy seven of total volumes from power tillers and remaining 23rd from tractors. In revenue terms in FY18, fifty one was derived from power tillers, 400th from tractors and September 11 from other segments such as rice transplantors, harvesters, etc. For the year until date (April’18-November’18) amount, VSTTL sold 19,392 units against 24,190 units in April’17-November’17, implying 200th yoy decline.
VST Tillers Tractors Ltd ended at Rs1,585 up by Rs4.1 or 0.26% from its previous closing of Rs1,580.90 on the BSE. The scrip opened at Rs1,628 and touched a high and low of Rs1,628 and Rs1,573 respectively. a total of 1,415 (NSE+BSE) shares were traded on the counter. the current market cap of the company is Rs1,370.83cr.
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