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Wabco India Ltd. reported a mixed Q4 FY21 performance.
Net sales were up 75.9% YoY, 25.7% QoQ to Rs 712 crore. Performance on a YoY basis was led by original equipment manufacturer channel (up 114%) with exports, aftermarket growth pegged at 70%, 50%, respectively.
Margins for the quarter came in at 11.7%, down 377 basis points QoQ amid a sharp 492 basis points sequential jump in raw material cost as a percentage of sales.
Consequent profit after tax for the period was at Rs 47.7 crore (up 51.3% YoY).
The company declared a dividend of Rs 11 per share for FY21.
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