Reply to Clarification- Financial results

VSTL/SE/2026-27 July 17, 2026 The General Manager – Listing, National Stock Exchange of India Ltd Plot No. C/1, G Block, Bandra – Kurla Complex, Bandra (E), MUMBAI – 400 051 Dear Sir/Madam, Sub: Reply to your email dated 14th July 2026; This is to inform you that your email dated 14th July 2026, please find below our reply for your record: 1. Query - Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013. (Figures mentioned in XBRL doesn't mismatch with PDF figures of Standalone and Consolidated Financial Results) Reply: The Result format is as prescribed under SEBI (LODR) Regulations. Please note, the difference between PDF and XBRL figures of “other expenses” for the nine months ended 31.12.2024, is due to rounding-off the figure to the nearest rupee. There is no difference in other figures between XBRL and PDF format. If System permits, we will upload the XBRL file once again. 2. Query - Machine Readable Form / Legible copy of Financial Results not submitted: Reply: We are once again enclosing Machine-Readable Form of the financial statement for your record. We request you to take this on record. Thank you, Yours truly, for V.S.T. Tillers Tractors Ltd, Chinmaya Khatua Company Secretary & Compliance Officer M. No. A21759 Encl: a/a V.S.T. Tillers Tractors Limited CIN-L34101 KA 1967PLC001706 Plot No.1, Dyavasandra Ind!. Layout, Whitefield Road, Mahadevapura Post, Bengaluru 560 048 Statement of Standalone Financial Results for Quarter and nine months ended December 31, 2024 (~ m Lakhs. except FPS) Quarter Ended Nine Months ended Year Ended December 31, September 30, December 31, December 31, December 31, M,irch 31, Particulars 2024 2024 2023 2024 2023 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Revenue from l)pcrations 21,910 28,343 16,996 69,312 69,-161 %,805 II Other incmne 219 618 2n l,0h9 9()4 1,417 Ill Net Gai.n/(Loss) on Fair value changes of Investments (1,10-1) 2,058 1,542 2,854 -1,115 -l,b-ll IV Total Income (1+11+111) 21,025 31,019 18,812 73,235 74,480 1,02,863 V Expenses a) Cost of materials consumed 14,788 15,600 10,930 43,303 43,360 57,857 b) Purchase· of Stock in Trade 2,208 2,078 1,899 6,-181 6,318 8,6'.24 c) Change in inventories of finished goods, stock in trade .:md work in progress (1,813) 1,617 (1,080) (2,327) (2,357) (731) d) Employee benefit Expenses 2,542 2,546 2,051 7,618 6,50-1 8,b28 e) Finance costs 48 56 59 155 163 215 f} Depreciation and amortisation expenses 638 6-!6 678 1,909 2,034 2,701 g) Other expenses 2,230 2,723 2,242 7,165 7,200 lll,008 Total Expenses (V) 20,641 25,266 16,779 64,304 63,222 87,302 VI Profit before exceptional items and tax {IV-V) 384 5,753 2,033 8,932 11,258 15,5hl VII Exceptional lterns - - VIII Profit before tax (VI-VII) 384 5,753 2,033 8,932 11,258 15,561 IX Tax expense: a) Current tax 439 927 134 l,b4l 2,045 2,947 b) Deferred tax (225) 333 20~ 342 574 4l),~ X Profit for the period/ year (VIII-IX) 170 4,493 1,695 6,949 8,639 12,151 XI Other Comprehensive Income A-(i) ltcnLs that will not be reclassified to the pro/it or loss a) Re1ncasurement of Defined e1nplovee bendit plans 16 2 6 (6) (66) (74) (ii) Income tax on items that will not be reclassified to the profit or loss (5) - (1) l 17 ]<l B-(i) Items that will be reclassified tu the profit ur loss - (ii) Income tax on items that will be reclassified to the profit or loss - - Total Other Comprehensive Income (net of taxes) 11 2 5 (5) (-19) (55) XII Total Comprehensive Income for the period/ year (X+Xl) 181 4,495 1,700 6,944 8,590 12,0% XIII Pai1! up equity share capital (Face Value -Rs. 10 per share) 864 864 864 8M 864 86-l XIV Other Equity ~$1R4c - lrJ,5..J.3 ...< v~ (f) ~l>-!' :i ¥ ;,-·; 17!7a lo re·S'o~~ '(;.: V.S.T. Tillers Tractors Limited CIN-L34101KA 1967PLC001706 Plot No.1, Dyavasandra Indl. Layout, Whitefield Road, Mahadevapura Post, Bengaluru 560 048 Statement of Standalone Financial Results for Qu,,rter and nine months ended December 31, 2024 (~ in L.akhs. l'XCl'pt !-:J'S) Quarter Ended Nine Months ended Year Ended December 31, September 30, December 31, December 31, December 31, March 31, Particulars 2024 2024 2023 2024 2023 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) XV Earnings per share* -Basic (in Rs. per shan·) 1.97 52.01 19.62 80.4., 99.99 140.t,4 -Diluted (in Rs. Der share) 1.96 51.90 19.62 80.26 99.99 140.6° "l·,PS 1s not annualised for the quarter and nine months ended December 11, 202-1-, qucnter and halt yeclr endt•d Septe1nber 30, 202-!, illlll Quartt•r r111d IUflL' months l'lldl'd Dl'ccmbl'r 31, 202_-)_ Notes: 'l. 1l1e company has prcsenh:1d these financial results in accordance with the recognition and nwasurement principles laid duwn in the Ind AS-3-t- lntl'rin1 Financi.-11 Reporting: pn.'scriht•d under section 133 of the Cmnpanics Act 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted. in lndi,1. Fin,1ndnl n-sults for tlw comparative period have also been presl:nted in accordance with the recognition and measurement principles of Ind i\S-34. 2. The above financial results have been reviewed by the audit committee and approved by the boJrd at their nwchng held un February 'IO, 2025. ThL-' Statutory Auditors of the C...\impanv have carried out limited review of the results for the nine months ended December 31, 2024. 3. The Company is engaged only in business of manufacturing and trJding of agricultun.:' 1nachinery and accordingly the busi111..•s.s activity falls within a single busilwss sq{lllL'llt in terms of Ind AS 108 on Operating St'gments. -1. During the quarter, the Company has recognised fair value loss of ln\'estments amounting to Rs. 1,10..J..--1.J. lakhs (against gdin of Rs 1,542.39 lakhs in Q.1 of FY 202.3-2-l) ,uld for thl' ni1w months cnJcd December 31, 2024 amoLU1ting Rs.2,853.7.J lakhs (against gain of Rs . .J,11-1.9 lakhs for niI1L' months ended December 31, 2023). J\ccordingly, the scimt· has bl'l'll disdl)Sed under Net Gain/(Loss) on fair value changes of Investments as a seperate line item under Total Income. 5. During the quarh:.·r, the Company has recognized ernployee share bascJ payments unJer the employee benefit L'>..pcnscs amounting to Rs. 6-1-.67 lakhs (Nil for Q-11 ot FY 202:\-2-1-) ,ind tnr nil1L• months enJed December 3'1, 202-1-amo1mting to R:,;. 194.02 lakhs (Nil for ninl:' months cndcJ fkcc1nber 31, 2023). 6. 1-'re,·ious period figures have been regrouped or rC'arrangC'd whcn:ver necl'ssary to conform to current period classification. ,e:: For and on behalf of Board of Directors of / V.S.T Toi•«ONCimi<ed V.T.Ravindra --- Pl,1ce: Bengaluru DIN :00:19615b Date: February 10, 2025 ManagiI1g Director CHARTERED ACCOUNTANTS Limited Review Report on standalone financial results of VST Tillers Tractors Limited for the Quarter and Nine months ended December 31, 2024 The Board of Directors VST Tillers Tractors Limited 1. We have reviewed the accompanying statement of unaudited financial results of VST Tillers Tractors Limited ('the Company') for the quarter and Nine months ended December 31, 2024 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016, as amended. This Statement which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013 ("the Act"), read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. 2. We conducted our review of the Statement in accordance with the Standard [Showing first 8,000 characters — download PDF for full document]