VST Tillers Tractors reported a significant 80% year-on-year decrease in net profit for the fourth quarter ending March 31. The decline was mainly attributed to a substantial fair value loss on investments during the period. Despite the profit drop, revenue from operations saw a 9% increase year-on-year, reaching Rs 329 crore from Rs 301.4 crore in the previous year.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also fell by 16.4% to Rs 47 crore from Rs 49.3 crore in the same quarter of the previous fiscal year. However, the company’s EBITDA margin improved to 14.3% from 13.4% a year ago, as per its regulatory filing.
VST Tillers Tractors disclosed a fair value loss on investments of Rs 33.74 crore during the quarter, significantly higher than the Rs 3.85 crore loss recorded in the same quarter of the previous fiscal year. For the full financial year FY26, the company reported a fair value loss of Rs 6.78 crore compared to a gain of Rs 24.69 crore in the previous fiscal year.
The company’s board of directors has proposed a final dividend of Rs 25 per equity share with a face value of Rs 10 each for FY26. The dividend is subject to approval by shareholders at the upcoming annual general meeting. Additionally, the re-appointment of Dr. Nandakumar Jairam as an independent director for a second consecutive five-year term starting June 21, 2026, has been approved by the company.
Following the earnings report, VST Tillers Tractors’ shares closed lower on Friday, ending at Rs 4,725 on the National Stock Exchange of India, down Rs 151.50 or 3.11% from the previous close.
