VST Industries Q1 Results Total Revenue ₹423.86 Crores & Operating Income ₹63.20 Crores

VST Industries Growth Overview

VST Industries Q1 Results: In VST Industries' Q1 financial results for June 2024, the company saw several notable changes compared to both the previous quarter (QoQ) and the same quarter last year (YoY). Total Revenue was ₹423.86 crores, which is a decrease of 10.95% from the previous quarter (QoQ) and a slight drop of 3.85% year-over-year (YoY). The company's Selling, General, and Admin Expenses rose by 6.37% QoQ and increased significantly by 19.73% YoY, which indicates higher operational costs. Depreciation and Amortization expenses went up by 24.75% YoY, though they fell by 7.61% QoQ.

VST Industries’ Other Operating Expenses decreased by 13.52% QoQ but saw a 15.24% increase YoY. This suggests that while some costs reduced from the previous quarter, they were still higher compared to the same time last year. Despite these changes, Operating Income fell by 26.24% QoQ and 35.03% YoY, reflecting reduced profitability. 

VST Industries’ Net Income also decreased sharply by 39.25% QoQ and 35.99% YoY. The Diluted Normalized EPS dropped by 39.24% QoQ and 35.98% YoY, highlighting a significant decline in earnings per share both from the previous quarter and year-over-year. Overall, VST Industries faced a challenging quarter with reduced income and increased expenses compared to both the previous quarter and the same quarter last year.

Here’s a simplified overview of VST Industries' Q1 financial results:

Source: Here 

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VST Industries Q1 Results

For this quarter, VST Industries’ revenue from sales was ₹42,315 lakhs, which is a bit lower than the previous quarter’s ₹47,505 lakhs but slightly higher compared to ₹44,069 lakhs from the same quarter last year. They also made ₹71 lakhs from other operating activities, bringing their total revenue to ₹42,386 lakhs. Adding other income of ₹908 lakhs, the total income for the quarter was ₹43,294 lakhs.

VST Industries’ expenses included ₹15,711 lakhs for materials, a decrease of ₹1,109 lakhs in inventory, ₹10,253 lakhs for excise duty, and ₹3,623 lakhs for employee benefits. They spent ₹1,008 lakhs on depreciation and ₹4,362 lakhs on other expenses. Overall, total expenses were ₹36,066 lakhs.

VST Industries’ After deducting expenses from the total income, the profit before tax was ₹7,228 lakhs. They paid ₹1,870 lakhs in taxes, so the profit after tax was ₹5,358 lakhs. The company also had some gains and losses from other items, resulting in a total comprehensive income of ₹5,391 lakhs. Each share of the company earned ₹34.70 during this period.

Here’s a simplified summary of the unaudited financial results for the quarter ended June 30, 2024:

(in Lakhs)

VST Industries Financial Performance

The VST Industries table shows key financial details about the company's stock. The market capitalization is ₹7,622 crore, which means that's the total value of all its shares. The current price of one share is ₹449. The highest price in the last period was ₹487, and the lowest was ₹287. The Price-to-Earnings (P/E) ratio is 28.1, indicating how much investors are willing to pay for each unit of earnings. The book value per share is ₹73.7, and the company pays a dividend yield of 3.04%, which is a return on the investment. 

Here's the information in a table format:

Quarterly Results 

In December 2023, the VST Industries had sales of ₹363 crores and expenses of ₹290 crores, resulting in an operating profit of ₹72 crores with an operating profit margin (OPM) of 20%. By March 2024, sales increased to ₹375 crores, and expenses were ₹278 crores. Operating profit rose to ₹97 crores with an improved OPM of 26%. In June 2024, sales dropped to ₹321 crores and expenses to ₹248 crores, leading to an operating profit of ₹73 crores and an OPM of 23%. 

Here's the data for December 2023, March 2024, and June 2024:

About VST Industries

VST Industries, originally known as the Vazir Sultan Tobacco Company, was founded on November 10, 1930, in Hyderabad. The company changed its name to VST Industries on April 30, 1983. It operates under the Companies Act of 1956/2013 and has its headquarters in Azamabad, Hyderabad.

VST Industries has manufacturing facilities in Hyderabad and Toopran, Telangana. It mainly focuses on producing and selling cigarettes and unmanufactured tobacco. The company is publicly traded and its shares are listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).