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VST Industries revenues dip as higher excise duty outflows take a toll

VST Industries Ltd reported -4.60% yoy fall in consolidated net revenues for the Mar-21 quarter at Rs278.12cr

April 27, 2021 6:53 IST | India Infoline News Service
VST Industries Ltd reported -4.60% yoy fall in consolidated net revenues for the Mar-21 quarter at Rs278.12cr. The fall in net sales was largely due to the pandemic and also because the excise costs were almost double in the current quarter. While the sales of loose cigarettes have been impacted, the broad sales numbers appear to be stable.


The consolidated Profit after tax (PAT) for the Mar-21 quarter was marginally up by 3.14% to Rs72.83cr on a focus on cost management in the quarter. As a result, the net margins for the Mar-21 quarter increased to 26.19% compared to 24.22% in the Mar-20 quarter.


Financial highlights for Mar-21 compared yoy and sequentially


VST Industries
Rs in Crore Mar-21 Mar-20 YOY Dec-20 QOQ
Total Income (Rs cr) ₹ 278.12 ₹ 291.53 -4.60% ₹ 286.90 -3.06%
Net Profit (Rs cr) ₹ 72.83 ₹ 70.61 3.14% ₹ 73.71 -1.19%
Diluted EPS (Rs) ₹ 47.17 ₹ 45.73 ₹ 47.73
Net Margins 26.19% 24.22% 25.69%
 

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