VST Tillers Tractors declined 1.18% to Rs 1358.35 after the auto maker announced muted sales in January 2020.
The company, after market hours on yesterday, 5 February 2020, announced that its total auto sales remained flat at 2487 units in January 2020 as against 2503 units reported in January 2019.On sequential basis, total auto sales jumped 40% in January 2020 from 1776 units reported December 2019.
Sale of power tillers rose 1.08% YoY to 1971 units in January 2020 over January 2019 while sale of tractors declined 6.69% to 516 units in January 2020.
Net profit of VST Tillers fell 30.6% to Rs 6.38 crore on a 11.3% rise in net sales to Rs 160.88 crore in Q2 September 2019 over Q2 September 2018. The company will announce its Q3 December 2019 result on 11 February 2020.
VST Tillers Tractors is engaged in the manufacturing of power tiller and tractor.
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