VST Tillers Tractors Ltd

VST Tillers Tractors Q3 FY26 Results: Revenue Jumps 43.4% 📈

• Q3 FY26 revenue: ₹314.3 crore, up 43.4% from ₹219.1 crore in Q3 FY25

• Nine-month FY26 revenue: ₹911.9 crore, up 31.6% from ₹693.1 crore

• Q3 operational EBITDA margin: 12.9% (up from 8.9% in Q3 FY25)

• Q3 net profit margin: 9.6% (up from 0.8% in Q3 FY25)

• Nine-month operational EBITDA margin: 13.06% (up from 10.2%)

• Nine-month net profit margin: 10.6% (up from 5.8%)

• New labour code impact: ₹1.66 crore on EBITDA margins; excluding this, Q3 margin would be 13.50% and nine-month margin 13.20%