VST Tillers & Tractors gained 1.84% to Rs 1,675.50 after the company's total auto sales surged 57.11% to 3,535 units in August 2020 from 2,250 units sold in August 2019.
VST Tillers & Tractors' total sales, however, fell 9.12% in August 2020 from 3,890 units sold in July 2020.
Power tillers sales soared 83.57% to 2,638 units while the total tractors sales rose 10.33% to 897 units in August 2020 over August 2019. The announcement was made after market hours yesterday, 1 September 2020.
VST Tillers Tractors' standalone net profit rose 47.8% to Rs 17.07 crore on a 4.7% increase in net sales to Rs 146.24 crore in Q1 June 2020 over Q1 June 2019.
VST Tillers Tractors is engaged in the manufacturing of power tillers and tractors.
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