Q4 2024 VST Tillers Tractors Ltd Earnings Call Transcript
Key Points
- VST Tillers Tractors Ltd (BOM:531266) reported its highest-ever net profit of INR121 crore for FY24.
- The company achieved its highest-ever EPS of INR140 per share.
- Cash flow from operations improved to INR48.61 crore, surpassing the previous year.
- Export of tractors grew by approximately 16% over the last year.
- The company launched new tractor models under the VST Zetor brand, targeting the 41 to 50 horsepower segment.
- Revenue from operations for Q4 decreased to INR273 crore from INR322 crore in the previous year.
- Tractor sales volumes have significantly declined over the years, with current volumes less than half of what they were in FY18.
- The compact tractor market has seen a substantial drop, particularly in Maharashtra and Gujarat.
- Despite higher cash flows, the company reduced its dividend from INR25 per share last year to INR20 per share this year.
- The EBITDA margin has remained relatively flat over the past decade, not keeping pace with inflation.
Good day, and welcome to VST Tillers Tractors Limited 4Q FY23/24 post-results conference call, hosted by B&K Securities. Apologies for the delay in starting the call by 15 minutes. From VST Tillers management, we have with us today Mr. V.T. Ravindra, Managing Director; Mr. Antony Cherukara, Chief Executive Officer; and Mr. Nitin Agrawal, Chief Financial Officer. At this point of time, all participants line will be on listen-only mode, and there will be an opportunity to ask questions after the management's presentation and their opening remarks.
Also, may I remind you of the safe harbor. The company may be making some forward-looking statements that has to be understood in conjunction with the uncertainty and the risk that the company faces. Over to you, sir.
Good evening, everyone. My name is Nitin Agrawal, and I welcome you to this call. First, I'll present the performance of the company with the slide, and then, we will open for question-and-answers. So on the financials, first, I
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