VST Industries advances after good Q2 performance

VST Industries rose 1.77% to Rs 3423 after the companys net profit increased 16% to Rs 88.54 crore on 0.3% rise in net revenue from operations to Rs 300 crore in Q2 September 2020 over Q2 September 2019.

Oct 27, 2020 02:10 IST capital market

Profit before tax (PBT) in Q2 September 2020 stood at Rs 118.82 crore, up by 19.5% from Rs 99.42 crore in Q2 September 2019. Total tax expense increased 31.08% to Rs 30.28 crore in the second quarter from Rs 23.10 crore in the same period last year.

VST Industries manufactures and distributes cigarettes and tobacco products.

On a year-to-date (YTD) basis, the stock has declined 19.14% while the benchmark S&P BSE Sensex lost 1.87% during the same period.

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