VST Industries Limited reported its financial results for the quarter ended September 30, 2025 (Q2 FY26), showcasing a steady operational performance.
The company’s revenue from operations stood at Rs 450.4 crore, a slight decline from Rs 461 crore in the same period last year. However, sequentially, it was up 8.6% from Rs 414.1 crore in Q1 FY26.
Net profit for the quarter came in at Rs 59.2 crore, marking a 24.3% year-on-year (YoY) growth compared to Rs 47.6 crore in Q2 FY25, driven by lower raw material costs and improved margins.
EBITDA improved to Rs 93.4 crore, while profit before tax rose to Rs 78.4 crore against Rs 64.6 crore in the year-ago period.
Key Financial Highlights (Q2 FY26)
| Metric | Q2 FY26 | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue from operations | Rs 450.4 crore | Rs 414.1 crore | Rs 461 crore |
| Total income | Rs 462.3 crore | Rs 424.9 crore | Rs 469.1 crore |
| Profit before tax | Rs 78.4 crore | Rs 75.9 crore | Rs 64.6 crore |
| Net profit | Rs 59.2 crore | Rs 56.1 crore | Rs 47.5 crore |
Performance Overview
The company managed to sustain profitability despite marginal revenue pressure, supported by a drop in cost of materials consumed (Rs 188.4 crore vs Rs 201.6 crore YoY) and controlled other expenses.
Employee benefit expenses stood at Rs 31.8 crore, while excise duty was Rs 114.2 crore for the quarter.
For the half-year ended September 2025, total income stood at Rs 887.2 crore and net profit at Rs 115.3 crore.
The Hyderabad-based tobacco major continues to maintain a strong balance sheet with a focus on operational efficiency and cost control.
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