Today, the shares of VST Tillers Tractors an engine equipment manufacturing company have slipped 14% to Rs 1,526 per share and touched a new 52-week low on the BSE in intraday trade after the net profit in September quarter (Q2FY19) reduced more-than-half to Rs 92 million due to lower operating income. However, the same company has shown the profit of Rs 187 million in the same quarter in the last fiscal.
Even the operational revenue declined by 17.6% at Rs 1,446 million against Rs 1,755 million in the corresponding quarter of the previous year.
The NSE 50-share index failed to maintain its morning gains and plunged. Currently, it is trading below 74.40, at the level of 10,510.80. (2:53 PM IST)
The total volumes for India’s largest power tiller manufacturer declined 27% YoY in October 2018. Last year, the company succeeds to sold 21268 units during the same time last year. However this year, it sold only 16,653 units.