VST Tillers - Stable Performance, On Well Charted Growth Path: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.