VST Industries reports poor Q3 result

VST Industries reported 9.54% fall in net profit to Rs 73.71 crore on 16.55% fall in total income to Rs 296.08 crore in Q3 December 2020 over Q3 December 2019.

Standalone profit before tax (PBT) slipped 8.6% to Rs 99.73 crore in Q3 December 2020 as against Rs 109.16 crore in Q3 December 2019. Current tax expense for the quarter declined 6.9% to Rs 26.31 crore as against Rs 28.26 crore in Q3 December 2019. The Q3 result was declared after market hours yesterday, 20 January 2021.

Shares of VST Industries rose 0.99% to settle at Rs 3,762.85 yesterday.

The stock hit a 52-week high of Rs 4,856.45 on 22 January 2020. The stock hit a 52-week low of Rs 2,550 on 25 March 2020.

 

VST Industries manufactures and distributes cigarettes and tobacco products.

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