VST registers robust Q3 earnings on volume recovery, PAT rises over 12% yoy to Rs82.72cr

21 Jan 2022 , 10:08 AM

VST Industries Limited reported an improved quarterly performance in the Q3, FY22 by registering double digit growth in sales as well as profit. The company reported a higher profit at Rs82.72cr in Q3FY22 against Rs73.71cr in Q3FY21, a growth of 12.22%. Revenue rose 13.4% yoy to Rs431.48cr from Rs380.4cr.

The operating margin remained above 25% due to better price realization and prudent cost management that resulted in operating profit growth despite the input inflation. The quarterly performance at the end of Q3FY22 indicates that recovery momentum is going strong.

Profit before Tax (PBT) stood at Rs111cr as of Q3FY22, as against PBT of Rs99.7cr recorded in the corresponding fiscal. The Earning per Share (EPS) is at Rs53.6 for the quarter ended December, 2021 as against the EPS of Rs47.7 recorded during the corresponding period a year ago.

“VST Industries has once again displayed robust financial performance in the third quarter of the current fiscal on back of sequential volume recovery while continuing to thwart the challenges of higher inflation.” said Aditya Deb Gooptu Managing Director, VST Industries Limited.

He further adds, “There are some recent hiccups due to Omicron variant, but with economic situation improving gradually, VST is hopeful of sustaining its ore rating performance on all metrics.”

Recently in end-August, VST had launched a new variant under the TOTAL Family called “Total ROYAL TWIST”, a kesar and saunf variant. This continues to generate good consumer response across markets thereby strengthening the overall brand portfolio.

Further, as part of its endeavour to thwart the impact of its operations on climate change, VST has initiated a project to commission 1MW Solar plant at its factory premises so as to ensure over 20% of its overall energy requirement is met through green renewable sources.

At around 10.10 am, VST Industries Ltd was trading at Rs3,232.80 per share up by Rs8.05 or 0.25% from its previous closing of Rs3,224.75 per share on the BSE.