VST Industries Q4 PAT down 19.72% at Rs87.19cr on sharp increase in other income in Q4

27 Apr 2022 , 10:10 PM

VST Industries Ltd reported 4.51% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs399.65cr. On a sequential basis, revenues were lower for the quarter by -7.30%.

For the full year FY22, the revenues were higher by 5.97% at Rs1,561cr. The company has seen a gradual recovery in the cigarettes business over the last one year after the disruption caused by the COVID bans and lockdowns.

Net cash generated from operations was marginally lower for FY22 at Rs277cr on sharp spike in trade receivables.

The consolidated net profit for Q4 was up 19.72% at Rs87.19cr while it was up on a sequential basis by 5.40%.

The company benefitted from higher other income in the quarter. For FY22, the board of directors have recommended a total dividend of Rs.140 per share compared to dividend of Rs.114 per share in FY21.

The dividend payment is subject to approval at the AGM of the company. Net margins stood at 21.82% in Mar-22 quarter compared to 19.04% in Mar-21. NPM was higher sequentially compared to 19.19% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	VST Industries
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 399.65	₹ 382.42	4.51%	₹ 431.14	-7.30%
Net Profit (Rs cr)	₹ 87.19	₹ 72.83	19.72%	₹ 82.72	5.40%
Diluted EPS (Rs)	₹ 56.47	₹ 47.17		₹ 53.56
Net Margins	21.82%	19.04%		19.19%