VST Industries Ltd

VST Industries will hold a meeting of the Board of Directors of the Company on 25 April 2025.Powered by Capital Market - Live

VST Industries (down 3.34%), Godfrey Philips India (down 4.71%) and ITC (down 1.08%) declined. As per media reports, the government is considering raising GST on cigarettes and other tobacco products once it stops charging the compensation cess. Cigarettes and smokeless tobacco products are classified as sin goods and currently face multiple taxes, including GST, excise duty, and the National Calamity Contingent Duty. Currently, the government is imposing 28% GST along with additional cess and other levies, on cigarettes and tobacco products, bringing the total tax burden to 53%. However, this tax rate is still below the 75% recommended by World Health Organization (WHO). One of the suggestions being explored is to raise the GST to the highest permissible 40% and top that with an additional excise duty. As per media reports, the tobacco and tobacco products, including cigarettes and pan masala, are a significant contributor to the governments' tax revenue.Powered by Capital Market - Live

Net profit of VST Industries rose 153.65% to Rs 136.26 crore in the quarter ended December 2024 as against Rs 53.72 crore during the previous quarter ended December 2023. Sales rose 1.24% to Rs 366.34 crore in the quarter ended December 2024 as against Rs 361.84 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales366.34361.84 1 OPM %18.6620.00 - PBDT76.2681.07 -6 PBT65.1471.02 -8 NP136.2653.72 154 Powered by Capital Market - Live

VST Industries will hold a meeting of the Board of Directors of the Company on 7 February 2025.Powered by Capital Market - Live

The Board of VST Industries has approved the appointment of Naresh Kumar Sethi (DIN: 08296486), presently the Non-Executive Chairman as the Executive Chairman & Whole-time Director of the Company for a period of 5 years with effect from 5 November 2024. Powered by Capital Market - Live

VST Industries announced that Aditya Deb Gooptu (DIN:07849104), Managing Director & CEO of the Company has resigned on 04 November 2024. Powered by Capital Market - Live

The key equity indices traded with major cuts in mid-afternoon trade. The Nifty dropped below the 24,100 level after hitting the day's high of 24,440.25 in early trade. PSU bank shares declined after advancing in the past two consecutive trading sessions. At 14:27 IST, the barometer index, the S&P BSE Sensex, tumbled 891.91 points or 1.11% to 79,173.25. The Nifty 50 index dropped 318.15 points or 1.30% to 24,081.25. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 2.12% and the S&P BSE Small-Cap index dropped 3.30%. The market breadth was weak. On the BSE, 615 shares rose and 3,278 shares fell. A total of 86 shares were unchanged. Buzzing Index: The Nifty PSU Bank index dropped 2.75% to 6,253.35. The index gained 1.67% in past two consecutive trading sessions. Central Bank of India (down 4.81%), Punjab & Sind Bank (down 4.47%), UCO Bank (down 4.2%), Canara Bank (down 4.12%), Indian Overseas Bank (down 3.74%), Bank of Maharashtra (down 3.5%), Punjab National Bank (down 3.04%), Bank of Baroda (down 2.77%), Bank of India (down 2.5%) and State Bank of India (down 1.67%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.25% to 6.952 as compared with previous close 6.935. In the foreign exchange market, the rupee was flat against the dollar. The partially convertible rupee was hovering at 84.0750. MCX Gold futures for 31 October 2024 settlement lost 0.53% to Rs 77,910. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.02% to 104.04. The United States 10-year bond yield shed 0.14% to 4.195. In the commodities market, Brent crude for December 2024 settlement lost 1 cent or 0.01% to $74.37 a barrel. Stocks in spotlight: VST Industries dropped 9.96% after the company's standalone net profit fell 37.38% to Rs 47.56 crore on 3.12% increase in revenue from operations (excluding excise duty) to Rs 358.95 crore in Q2 FY25 over Q2 FY24. Suryoday Small Finance Bank tumbled 12.18% after the bank reported 9.76% decline in net profit to Rs 45.39 crore in Q2 FY25 as against Rs 50.30 crore posted in Q2 FY24. However, total income jumped 29.89% YoY to Rs 554.65 crore in the quarter ended 30 September 2024.Powered by Capital Market - Live

Profit before tax (PBT) dropped 34.75% YoY to Rs 64.68 crore during the quarter. Total expenses increased 5.74% YoY to Rs 404.37 crore in the quarter ended 30 September 2024. Cost of material consumed was at Rs 201.59 crore (up 1.51% YoY), employee benefit expense was at Rs 34.10 crore (up 6.36% YoY) during the period under review. VST Industries manufactures and distributes cigarettes and tobacco products. Powered by Capital Market - Live

Net profit of VST Industries declined 37.38% to Rs 47.56 crore in the quarter ended September 2024 as against Rs 75.95 crore during the previous quarter ended September 2023. Sales rose 3.12% to Rs 358.95 crore in the quarter ended September 2024 as against Rs 348.10 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales358.95348.10 3 OPM %18.8422.67 - PBDT75.62108.19 -30 PBT64.6899.12 -35 NP47.5675.95 -37 Powered by Capital Market - Live

VST Industries will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live