ICICI Securities Ltd | Retail Equity Research VST Tillers Tractors (VST) reported a muted Q1FY17performance. Net sales in Q1FY17 came in at | 178.1 crore, up 6.9% YoY In Q1FY17, power tiller sales volumes grew 8.1% YoY to 7300 units while tractor sales volumes de-grew 4.8% YoY to 2158 units EBITDA in Q1FY17 was at | 24.6 crore, with corresponding EBITDA margins at 13.8%. Margins came in substantially lower YoY primarily on account of higher employee costs (one time gratuity charge to...