VST industries

NP up 16%

Oct 28, 2020 09:10 IST capital market

VST Industries net sales remained flat at Rs 300.33 crore for quarter ended Sep20 compared to corresponding previous year period. Operating margins of the company rose 540 bps to 37.6% leading a 17% rise in operating profit to Rs 113.05 crore.

Other income rose 20% to Rs 14.69 crore compared to Rs 12.27 crore in the corresponding previous year quarter. Interest cost was nil. Depreciation fell 4% to Rs 8.92 crore. PBT rose 20% to Rs 118.82 crore.

Tax expense was up 31% to Rs 30.28 crore. Net profit rose 16% to Rs 88.54 crore compared to Rs 76.32 crore.

Performance for half year ended Sep20

For half year ended Sep20, net sales fell 10% to Rs 545.96 crore compared to corresponding previous year period. Operating margins of the company rose 390 bps to 38.9% leading a flat operating profit to Rs 212.37 crore. Other income rose 9% to Rs 26.29 crore. Interest cost was nil. Depreciation fell 4% to Rs 17.82 crore. PBT as a result rose 2% to Rs 220.84 crore. Tax expense was down 13% to Rs 56.59 crore. Net profit rose 8% to Rs 164.25 crore.

The scrip is trading at Rs 3437 at BSE

VST Industries: Results

 

2009 (03) 1909 (03) Var. (%) 2009 (06) 1909 (06) Var. (%) 2003 (12) 1903 (12) Var. (%)
Sales 300.33 299.38 0 545.96 604.06 -10 1239.35 1099.01 13
OPM (%) 37.6 32.2 38.9 35.0 33.5 32.1
OP 113.05 96.45 17 212.37 211.59 0 414.65 353.12 17
Other Inc. 14.69 12.27 20 26.29 24.02 9 47.36 38.90 22
PBIDT 127.74 108.72 17 238.66 235.61 1 462.01 392.02 18
Interest 0.00 0.00 0.00 0.00 0.00 0.00
PBDT 127.74 108.72 17 238.66 235.61 1 462.01 392.02 18
Dep. 8.92 9.30 -4 17.82 18.65 -4 41.76 41.35 1
PBT before EO 118.82 99.42 20 220.84 216.96 2 420.25 350.67 20
Tax 30.28 23.10 31 56.59 64.96 -13 116.16 123.83 -6
PAT 88.54 76.32 16 164.25 152.00 8 304.09 226.84 34
Net Profit 88.54 76.32 16 164.25 152.00 8 304.09 226.84 34
EPS * (Rs) # # # # 196.9 146.9
*Annualised on current equity of Rs 15.44 crore: Face value of Rs 10 each
EO: Extraordinary items
EPS excludes EO and relevant tax
Figures in crore,
Source Capitaline Database

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