BCS Iyengar, director, VST Tillers Tractors says tractor sales have balanced the losses and the company is now at par with its last year sales figures.
The lack of availability of subsidies in states like Odisha, Andhra Pradesh and Tamil Nadu have hit the power tiller sales for VST Tillers Tractors .
In an interview to CNBC-TV18, BCS Iyengar, director, VST Tillers Tractors says the company may not meet its FY15 growth as despite demand sales haven't been happening due to lack of subsidies.
However, tractor sales have balanced the losses and the company is now at par with its last year sales figures.
Trasncript to follow soon.
VST Tillers stock price
On October 27, 2014, at 14:32 hrs VST Tillers Tractors was quoting at Rs 1440.00, up Rs 7.00, or 0.49 percent. The 52-week high of the share was Rs 1998.00 and the 52-week low was Rs 480.00.
The company's trailing 12-month (TTM) EPS was at Rs 97.39 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 14.79. The latest book value of the company is Rs 361.31 per share. At current value, the price-to-book value of the company is 3.99.
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