Cigarettes maker VST Industries’ shares fell more than 3% on April 26 after the firm posted poor earnings for Q4FY23.
The company, which has manufacturing services in Hyderabad and Toopran, conveyed a 21% YoY fall in net profit at Rs 68.70 for the quarter ending March 31.
The earnings per share of VST Industries mounted at Rs 44.49 during Q4FY23 as associated with Rs 56.47 recorded during the year-ago quarter.
At 12:07 pm, VST Industries’ shares were around Rs 3,260.70 per share, down 3.2% from the earlier close on the BSE.
VST Industries has stated an aggregate income of Rs.405.16 crore during the period ended March 31, 2023, as associated with Rs.417.70 crore during the January-March quarter of 2022 concludes into a YoY fall of 3%.
The company’s EBITDA results at Rs. 98.14 crore in March 2023, down 20.71% from Rs 123.77 crore in March 2022. The company’s Net sales were at Rs 301.74 crore in March 2023, down 0.3% from Rs 302.64 crore in March 2022.
VST Industries is a mid-cap firm whose primary business is focused on manufacturing and marketing cigarettes and raw tobacco.
In the last three months, VST Industries’ stock price rose by more than 5%, while in the past three years, it has given an optimistic return of over 17%.
During Q4FY23, the company logged a promoter shareholding of 32.16% and a public stake of 67.47%.