Shares of VST Tillers and Tractors advanced 10 % to Rs 1,938 on the BSE on Wednesday after the company posted nearly five-fold year-on-year (YoY) jump in net profit at Rs 29.94 crore in September quarter. The commercial vehicles company had clocked a profit of Rs 6.4 crore in Q2FY20 and Rs 17.1 crore in Q1FY21.Net sales for the quarter came in at Rs. 220 crore, up 37% YoY. EBITDA (earnings before interest, taxes, depreciation, and amortization) margins improved 590 basis points sequentially at 17.1% from 11.2 % in Q1FY21 and 2.4 % in Q2FY20. The power tiller sales volume for Q2FY21 was at 7,924 units, up 41%, while tractor sales volume was at 2,751 units, up 25% YoY. VST generated around Rs. 140 crore as cash from operation (CFO) and remains a debt free company.
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