Q1 2025 VST Tillers Tractors Ltd Earnings Call Transcript
Key Points
- Power weeder sales showed a significant increase, with 1,700 units sold compared to 869 units in the same quarter last year.
- The company expects substantial growth in tiller volumes in the second quarter, potentially doubling the first quarter's volume.
- The higher HP tractors have received positive market feedback and are expected to see substantial growth as the distribution network expands.
- The monsoon has been favorable, leading to improved farmer sentiment and better sales prospects for the upcoming quarters.
- The company is on track to launch new products in the US market next year, which could open up new revenue streams.
- Sales of power tillers and tractors declined significantly, with power tillers down 33% and tractors down from 1,471 to 1,293 units compared to the same quarter last year.
- Revenue from operations dropped to INR190 crores from INR246 crores in the previous year, impacting overall financial performance.
- Operational EBITDA fell to INR13.38 crores, representing only 7.02% of revenue, primarily due to a drop in revenue.
- The JV with VST Zetor Private Limited reported a loss, contributing to a lower consolidated financial performance.
- The company has faced challenges in increasing the share of retail finance for tillers, which remains at 4-5%, limiting growth potential in this segment.
Ladies and gentlemen, good day, and welcome to VST Tillers Tractors Limited 1Q FY25 post-results conference call. From VST Tillers Tractors Limited management, we have with us today Mr. V.T. Ravindra, Managing Director; and Mr. Nitin Agrawal, Chief Financial Officer.
Now I'll hand over the call to the management for a presentation and the opening remarks to be followed by the question-and-answer session. Over to you, sir.
Yes. Good evening, everyone. My name is Nitin Agrawal. I'm Chief Financial Officer of the company. I'll take you through the key numbers for the quarter. First is the Safe Harbor statement on projections. And in terms of financials, first, we'll talk about the sales number. Then I'll touch upon the Q1 results for a standalone basis and then on consolidated basis. And then we can open up the floor for the question and answers.
Yes, so moving on, these are the sales volume for our SFM business, which is smart farm machineries as well as tractors. So as you can see on the screen, in
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
