VST Tillers Tractors Q4 profit drops 80% amid sharp investment valuation loss, declares dividend

VST Tillers Tractors reported an 80% year-on-year decline in net profit for the fourth quarter ended March 31, 2026, at ₹5 crore compared with ₹24.5 crore a year ago, largely due to a steep fair value loss on investments during the period.

Revenue from operations grew 9% year-on-year to ₹329 crore from ₹301.4 crore, while EBITDA declined 16.4% to ₹47 crore from ₹49.3 crore.

However, EBITDA margin improved to 14.3% from 13.4% in the year-ago quarter.

The company said it recognised a fair value loss on investments of ₹33.74 crore during the quarter against a loss of ₹3.85 crore in Q4 FY25. For the full financial year FY26, it reported a fair value loss of ₹6.78 crore compared with a gain of ₹24.69 crore in FY25.

The board of VST Tillers Tractors has recommended a final dividend of ₹25 per equity share of face value ₹10 each for FY26. The dividend proposal is subject to approval by shareholders at the company’s upcoming Annual General Meeting (AGM), following which the payout will be made.

The company also approved the re-appointment of Dr. Nandakumar Jairam as an independent director for a second consecutive five-year term with effect from June 21, 2026, subject to shareholder approval.

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Shares of VST Tillers Tractors ended lower on Friday after the company reported its March quarter results, with the stock closing at ₹4,725 on the National Stock Exchange of India, down ₹151.50 or 3.11% from the previous close.

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