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ICICI Direct Report
VST Tillers Tractors Ltd. reported a stable operational performance in Q4 FY21.
Net sales for the quarter came in at Rs 195 crore, down 4% QoQ.
Adjusted Ebitda in Q4 FY21 was at Rs 23 crore with corresponding Ebitda margins at 12.0%, down 270 basis points QoQ.
Ebitda is adjusted for one-time provision of ~Rs 13.5 crore for Voluntary Separation Scheme for its employees at Bengaluru plant as well as ~Rs 2 crore write-off in other expenses.
Adjusted profit after tax in Q4 FY21 was at Rs 28 crore, down 8% QoQ.
The company declared a dividend of Rs 20 per share for FY21.
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