
VST Tillers Tractors Ltd
NSE:VSTTILLERS

Income Statement
Earnings Waterfall
VST Tillers Tractors Ltd
Revenue
|
9.7B
INR
|
Cost of Revenue
|
-6.6B
INR
|
Gross Profit
|
3.1B
INR
|
Operating Expenses
|
-2.2B
INR
|
Operating Income
|
847.9m
INR
|
Other Expenses
|
184.4m
INR
|
Net Income
|
1B
INR
|
Income Statement
VST Tillers Tractors Ltd
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
5 727
N/A
|
5 516
-4%
|
5 621
+2%
|
5 652
+1%
|
6 103
+8%
|
6 467
+6%
|
6 530
+1%
|
6 716
+3%
|
6 616
-1%
|
6 777
+2%
|
6 859
+1%
|
6 918
+1%
|
7 157
+3%
|
7 640
+7%
|
7 283
-5%
|
6 974
-4%
|
6 777
-3%
|
6 148
-9%
|
6 089
-1%
|
6 252
+3%
|
6 026
-4%
|
5 437
-10%
|
5 502
+1%
|
6 098
+11%
|
6 893
+13%
|
7 642
+11%
|
8 116
+6%
|
8 247
+2%
|
8 302
+1%
|
8 539
+3%
|
8 962
+5%
|
8 969
+0%
|
9 022
+1%
|
10 064
+12%
|
10 166
+1%
|
10 609
+4%
|
10 172
-4%
|
9 680
-5%
|
9 125
-6%
|
9 174
+1%
|
9 666
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3 651)
|
(3 663)
|
(3 656)
|
(3 670)
|
(3 960)
|
(4 282)
|
(4 262)
|
(4 416)
|
(4 369)
|
(4 551)
|
(4 517)
|
(4 560)
|
(4 648)
|
(5 026)
|
(4 642)
|
(4 441)
|
(4 376)
|
(4 158)
|
(4 061)
|
(4 279)
|
(4 194)
|
(3 797)
|
(3 813)
|
(4 095)
|
(4 570)
|
(5 176)
|
(5 454)
|
(5 546)
|
(5 617)
|
(5 887)
|
(6 155)
|
(6 277)
|
(6 339)
|
(7 154)
|
(7 017)
|
(7 230)
|
(6 932)
|
(6 677)
|
(6 190)
|
(6 245)
|
(6 589)
|
|
Gross Profit |
2 076
N/A
|
1 853
-11%
|
1 964
+6%
|
1 982
+1%
|
2 143
+8%
|
2 185
+2%
|
2 268
+4%
|
2 300
+1%
|
2 247
-2%
|
2 225
-1%
|
2 342
+5%
|
2 359
+1%
|
2 509
+6%
|
2 614
+4%
|
2 641
+1%
|
2 533
-4%
|
2 401
-5%
|
1 990
-17%
|
2 028
+2%
|
1 973
-3%
|
1 832
-7%
|
1 640
-10%
|
1 690
+3%
|
2 003
+19%
|
2 323
+16%
|
2 466
+6%
|
2 662
+8%
|
2 701
+1%
|
2 685
-1%
|
2 651
-1%
|
2 808
+6%
|
2 692
-4%
|
2 683
0%
|
2 910
+8%
|
3 149
+8%
|
3 379
+7%
|
3 240
-4%
|
3 003
-7%
|
2 935
-2%
|
2 929
0%
|
3 077
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 063)
|
(937)
|
(1 022)
|
(1 088)
|
(1 173)
|
(1 124)
|
(1 308)
|
(1 322)
|
(1 349)
|
(1 294)
|
(1 476)
|
(1 509)
|
(1 553)
|
(1 511)
|
(1 617)
|
(1 729)
|
(1 758)
|
(1 577)
|
(1 786)
|
(1 727)
|
(1 675)
|
(1 486)
|
(1 669)
|
(1 648)
|
(1 725)
|
(1 702)
|
(1 840)
|
(1 889)
|
(1 888)
|
(1 569)
|
(1 906)
|
(1 860)
|
(1 928)
|
(1 863)
|
(2 003)
|
(2 127)
|
(2 123)
|
(1 988)
|
(2 143)
|
(2 185)
|
(2 229)
|
|
Selling, General & Administrative |
(418)
|
(836)
|
(397)
|
(405)
|
(426)
|
(998)
|
(493)
|
(520)
|
(540)
|
(1 169)
|
(574)
|
(601)
|
(615)
|
(1 385)
|
(697)
|
(717)
|
(718)
|
(1 397)
|
(699)
|
(695)
|
(709)
|
(1 303)
|
(647)
|
(638)
|
(656)
|
(1 518)
|
(834)
|
(840)
|
(831)
|
(1 294)
|
(710)
|
(730)
|
(742)
|
(1 565)
|
(830)
|
(850)
|
(865)
|
(1 699)
|
(890)
|
(925)
|
(974)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(77)
|
(94)
|
(98)
|
(112)
|
(121)
|
(125)
|
(124)
|
(116)
|
(116)
|
(116)
|
(121)
|
(120)
|
(115)
|
(106)
|
(111)
|
(115)
|
(120)
|
(155)
|
(166)
|
(173)
|
(180)
|
(161)
|
(168)
|
(172)
|
(176)
|
(168)
|
(187)
|
(203)
|
(222)
|
(248)
|
(256)
|
(264)
|
(272)
|
(267)
|
(272)
|
(275)
|
(272)
|
(267)
|
(266)
|
(262)
|
(258)
|
|
Other Operating Expenses |
(568)
|
(7)
|
(527)
|
(571)
|
(626)
|
3
|
(690)
|
(686)
|
(692)
|
3
|
(781)
|
(789)
|
(823)
|
(3)
|
(809)
|
(898)
|
(920)
|
(4)
|
(921)
|
(859)
|
(787)
|
(10)
|
(853)
|
(838)
|
(892)
|
(4)
|
(820)
|
(846)
|
(835)
|
(11)
|
(939)
|
(866)
|
(913)
|
(16)
|
(901)
|
(1 002)
|
(986)
|
(9)
|
(987)
|
(999)
|
(997)
|
|
Operating Income |
1 013
N/A
|
916
-10%
|
943
+3%
|
895
-5%
|
970
+8%
|
1 061
+9%
|
960
-10%
|
978
+2%
|
898
-8%
|
932
+4%
|
866
-7%
|
850
-2%
|
956
+12%
|
1 103
+15%
|
1 024
-7%
|
804
-21%
|
643
-20%
|
413
-36%
|
242
-42%
|
246
+2%
|
157
-36%
|
154
-2%
|
21
-87%
|
355
+1 622%
|
598
+69%
|
764
+28%
|
821
+7%
|
812
-1%
|
797
-2%
|
1 082
+36%
|
902
-17%
|
833
-8%
|
755
-9%
|
1 047
+39%
|
1 146
+9%
|
1 252
+9%
|
1 117
-11%
|
1 015
-9%
|
793
-22%
|
744
-6%
|
848
+14%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(21)
|
35
|
(22)
|
(23)
|
(24)
|
55
|
(27)
|
(28)
|
(29)
|
184
|
(30)
|
(27)
|
(24)
|
387
|
(17)
|
(20)
|
(20)
|
22
|
(23)
|
(24)
|
(27)
|
(92)
|
(12)
|
(8)
|
127
|
17
|
191
|
271
|
161
|
219
|
100
|
23
|
1
|
184
|
(15)
|
(18)
|
(19)
|
541
|
(29)
|
(33)
|
(34)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
33
|
33
|
33
|
33
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
Total Other Income |
90
|
54
|
119
|
123
|
133
|
(16)
|
184
|
238
|
245
|
10
|
323
|
302
|
421
|
34
|
376
|
478
|
391
|
280
|
425
|
368
|
341
|
164
|
284
|
260
|
236
|
411
|
282
|
231
|
247
|
19
|
135
|
191
|
249
|
8
|
408
|
464
|
554
|
(3)
|
638
|
766
|
496
|
|
Pre-Tax Income |
1 082
N/A
|
1 006
-7%
|
1 039
+3%
|
995
-4%
|
1 078
+8%
|
1 100
+2%
|
1 117
+1%
|
1 189
+6%
|
1 114
-6%
|
1 159
+4%
|
1 192
+3%
|
1 158
-3%
|
1 386
+20%
|
1 522
+10%
|
1 382
-9%
|
1 262
-9%
|
1 014
-20%
|
715
-29%
|
644
-10%
|
590
-8%
|
472
-20%
|
231
-51%
|
293
+27%
|
606
+107%
|
961
+59%
|
1 192
+24%
|
1 295
+9%
|
1 314
+1%
|
1 205
-8%
|
1 322
+10%
|
1 137
-14%
|
1 046
-8%
|
1 005
-4%
|
1 239
+23%
|
1 538
+24%
|
1 698
+10%
|
1 651
-3%
|
1 552
-6%
|
1 401
-10%
|
1 477
+5%
|
1 310
-11%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(327)
|
(310)
|
(331)
|
(315)
|
(341)
|
(359)
|
(344)
|
(362)
|
(338)
|
(332)
|
(323)
|
(317)
|
(358)
|
(403)
|
(401)
|
(376)
|
(341)
|
(255)
|
(211)
|
(186)
|
(134)
|
(51)
|
(57)
|
(135)
|
(217)
|
(284)
|
(318)
|
(314)
|
(304)
|
(329)
|
(283)
|
(286)
|
(262)
|
(316)
|
(386)
|
(408)
|
(386)
|
(341)
|
(296)
|
(288)
|
(277)
|
|
Income from Continuing Operations |
755
|
695
|
708
|
680
|
737
|
741
|
773
|
827
|
776
|
827
|
869
|
841
|
1 028
|
1 120
|
982
|
887
|
674
|
461
|
432
|
404
|
338
|
180
|
236
|
471
|
745
|
908
|
977
|
999
|
901
|
993
|
853
|
759
|
743
|
924
|
1 153
|
1 290
|
1 265
|
1 211
|
1 105
|
1 189
|
1 032
|
|
Net Income (Common) |
755
N/A
|
695
-8%
|
708
+2%
|
680
-4%
|
737
+8%
|
741
+1%
|
773
+4%
|
827
+7%
|
776
-6%
|
827
+7%
|
869
+5%
|
841
-3%
|
1 028
+22%
|
1 120
+9%
|
982
-12%
|
887
-10%
|
674
-24%
|
461
-32%
|
432
-6%
|
404
-6%
|
338
-16%
|
180
-47%
|
236
+31%
|
471
+100%
|
745
+58%
|
908
+22%
|
977
+8%
|
999
+2%
|
901
-10%
|
993
+10%
|
853
-14%
|
759
-11%
|
743
-2%
|
924
+24%
|
1 153
+25%
|
1 290
+12%
|
1 265
-2%
|
1 211
-4%
|
1 105
-9%
|
1 189
+8%
|
1 032
-13%
|
|
EPS (Diluted) |
87.8
N/A
|
80.83
-8%
|
82.33
+2%
|
79.11
-4%
|
85.69
+8%
|
86.19
+1%
|
89.82
+4%
|
96.1
+7%
|
90.22
-6%
|
96.17
+7%
|
101.08
+5%
|
97.77
-3%
|
119.55
+22%
|
130.2
+9%
|
114.15
-12%
|
103.09
-10%
|
78.36
-24%
|
53.55
-32%
|
50.27
-6%
|
47.02
-6%
|
39.3
-16%
|
20.94
-47%
|
27.39
+31%
|
54.77
+100%
|
86.59
+58%
|
105.07
+21%
|
113.09
+8%
|
115.66
+2%
|
104.34
-10%
|
114.94
+10%
|
98.78
-14%
|
87.89
-11%
|
86.02
-2%
|
106.9
+24%
|
133.45
+25%
|
149.32
+12%
|
146.45
-2%
|
140.11
-4%
|
127.66
-9%
|
137.31
+8%
|
118.54
-14%
|