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VST Tillers Tractors Ltd

Q1 FY27Agricultural, Commercial & Construction Vehicles

VST Tillers Tractors Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹4,264
Market cap₹3.7K Cr
P/E33.5
Updated16 Oct 2026
Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned

The short version

The company aims to achieve INR 3,000 crores in revenue by 2030 through five business verticals with growth strategies and capacity expansion, including new production facilities within 2 years. VST Tillers aims for sustained growth across all five business verticals with focused execution, R&D enhancement, capacity expansion, and possible new production facilities in the next 2 years.

From VST Tillers Tractors Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth
  • The company aims to achieve INR 3,000 crores in revenue by 2030 through five business verticals with growth strategies and capacity expansion, including new production facilities within 2 years.
  • Tractor volumes are expected to grow gradually quarter-on-quarter with more than 30 new tractor variants to be launched in the next 12-18 months.
  • Domestic tractor sales are targeted to reach close to 20,000 units by FY 2030 with continuous dealership expansion, especially in North India.
  • Small farm mechanization (SFM) business (power tillers and weeders) is growing strongly, with power weeders growing at 50-60% and power tillers at 15-20% rates.
  • Export growth focuses on Europe and Africa, with plans for increased penetration and new product introductions including hydrostatic transmission tractors and geared tillers.

2 more points from VST Tillers Tractors Ltd's call on revenue

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Profitability & Margins

See what VST Tillers Tractors Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • The company is working towards scaling up execution, R&D capabilities, capacity, and workforce to achieve its INR3,000 crores revenue vision by 2030 (Page 8).
  • Plans include investing in a new production facility within the next 2 years to support growth (Page 8).
  • Capital allocation policy emphasizes deploying capital strategically to maximize shareholder value; several opportunities for capital deployment are being explored (Page 7).
  • Expected deployment of capital in the next 18 to 24 months, with details to be updated as progress occurs (Page 7).

2 more points from VST Tillers Tractors Ltd's call on capex

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Top-ranked in Agricultural, Commercial & Construction Vehicles

Ranked on what management guided this quarter

Guidance-ranked
1BEML Ltd
Rev 2Mar 3
2Indo Farm Equip.
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what VST Tillers Tractors Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

See what VST Tillers Tractors Ltd said on order book & pipeline — free account, 30 seconds.

VST Tillers Tractors Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹328 Cr, net profit ₹5 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What VST Till. Tract.'s management said in earlier quarters

Others in Agricultural, Commercial & Construction Vehicles this season

  • SML Mahindra (Q1 FY27)

    Ambition to create a INR 12,500 crore business by FY31 with growth in market share but no direct mention of capex or new facility timelines. Key concall…

  • Action Const.Eq. (Q1 FY27)

    Defense segment orders received this quarter are small (INR 1-5 crores), with no big order yet. Key concall takeaways from Action Construction Equipment Ltd's…

  • Jinkushal Indus. (Q1 FY27)

    FY27 started with strong standalone revenue growth of 37% YoY (INR 51.29 crores). Key concall takeaways from Jinkushal Industries Ltd's Q1 FY27 earnings call…

  • BEML Ltd (Q1 FY27)

    Current order book stands at around INR16,000 crores. Key concall takeaways from BEML Ltd's Q1 FY27 earnings call — and how it ranks against sector peers.

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Frequently Asked Questions

What were VST Tillers Tractors Ltd Q1 FY27 results?

The company aims to achieve INR 3,000 crores in revenue by 2030 through five business verticals with growth strategies and capacity expansion, including new production facilities within 2 years. VST Tillers aims for sustained growth across all five business verticals with focused execution, R&D enhancement, capacity expansion, and possible new production facilities in the next 2 years.

What is VST Tillers Tractors Ltd share price analysis?

VST Tillers Tractors Ltd currently shows a below-average growth signal. The stock trades at a P/E of 33.5 with a market cap of ₹3,690 Cr. Investors should review the full earnings analysis for detailed insights.

Is VST Tillers Tractors Ltd planning capital expenditure?

The company is working towards scaling up execution, R&D capabilities, capacity, and workforce to achieve its INR3,000 crores revenue vision by 2030 (Page 8).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.