Shares of VST Tiller Tractors were trading in the green and reached an intraday high of Rs 3,849 on 16 November after the company unveiled three new tractors.

The three new tractors include the company’s indigenously developed electric tractor at the Agritechnica 2023 in Germany.

The new tractors are 929 Electric Vehicle, 929 with HST transmission, and 932 DI with Stage V engine. The company also displayed its state-of-the-art Stage V engine at Agritechnica 2023 in Hanover.

The new machines will come under the Fieldtrac brand, and the latest models will further revolutionise farm mechanisation and establish the company on the global platform.

The company launched six new models under Series 9 as the most advanced compact range in August.

In its July-September report, the company reported a 60% year-on-year increase in its net profit to Rs 36.45 crore for the quarter from Rs 22.74 crore reported in the same quarter last year.

The company’s revenue for the quarter was Rs 234.15 crore, and its EBITDA was Rs 57.02 crore, which is 19.50% of the revenue.

The shares touched a 52-week high of Rs 3,999.95 and a 52-week low of Rs 2,097.15 on 6 September 2023 and 20 March 2023, respectively.

At 11:18 am, the shares of VST Tiller were trading 1.28% higher at Rs 3,828.80 on NSE.