Tobacco Stock engaged in the manufacturing and trading of Cigarettes, Tobacco, and Tobacco products jumped 2 percent in the day’s trade upon posting its Q4FY24 results with a 64 percent QoQ jump in Net Profits and recommending issuing a final dividend of Rs. 150 per equity share.
With a market capitalization of Rs. 6,410 Crores, the shares of VST Industries Limited were trading at Rs. 4,150.50, up 0.77 percent from its previous day’s close price of Rs. 4,118.85.
Its revenue from operations grew by 22 percent YoY from Rs. 389.10 Crores in Q4FY23 to Rs. 475.98 Crores in Q4FY24 and it grew by 1.61 percent QoQ from Rs. 468.42 Crores in Q3FY24 to Rs. 475.98 Crores in Q4FY24. Annually it generated a revenue of Rs. 1672.51 Crores in FY23 and Rs. 1837.50 Crores in FY24 indicating a growth of 9 percent YoY.
Its Net Profit grew by 28.38 percent YoY from Rs. 68.70 Crores in Q4FY23 to Rs. 88.20 Crores in Q4FY24 and it grew by 64 percent QoQ from Rs. 53.72 Crores in Q3FY24 to Rs. 88.20 Crores in Q4FY24. Annually it generated a profit of Rs. 326.98 Crores in FY23 and Rs. 301.57 Crores in FY24 indicating a decline of 7.77 percent YoY.
In Addition, the Board of Directors of VST Industries Limited has recommended issuing a final dividend of Rs. 150 per equity share with a face value of Rs. 10 each.
As of Q4FY24, Ace Investor Radhakishan Shivkishan Damani holds a 1.95 percent stake consisting of 3.01 Lakh equity shares of the company. He took a fresh holding in the company in the March 2016 Quarter by purchasing a 25.95 percent stake in the company consisting of 40.07 Lakh Equity shares.
It has reported a return on equity (ROE) of 24.07 percent and a return on capital employed (ROCE) of 30.97 percent, it is making good returns on its equity and capital employed.
VST Industries Limited is engaged in the manufacturing and trading of Cigarettes, Tobacco, and Tobacco products. The Company’s brands include Total, Editions, Charms, Special, Moments, Total Active Mint and Total Royal Twist.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
