Document Context

VST Industries Limited submitted its unaudited financial results for the quarter ended 30th June 2026 to BSE Limited and the National Stock Exchange of India Ltd. The submission was made pursuant to Regulation 33(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were approved by the Board of Directors at a meeting held on 28th July 2026, which commenced at 2:45 PM and concluded at 4:30 PM. The submission was signed by Phani K. Mangipudi, Company Secretary & Vice President-Legal & Secretarial. A Limited Review Report from the statutory auditors, B S R & Associates LLP, is included.

Financial Results Summary (in ₹ Lakhs)

Profitability:

  • Profit before tax (PBT) for the quarter was ₹582.80 lakh, compared to ₹759.90 lakh in the corresponding quarter of the previous year (Q1 FY26) and ₹15,455 lakh in the previous quarter (Q4 FY26).
  • Total tax expense was ₹158.60 lakh, comprising ₹139.40 lakh in current tax and ₹19.20 lakh in deferred tax.
  • Profit after tax (PAT) was ₹124.20 lakh, a significant decrease from ₹561.30 lakh in Q1 FY25 and ₹11,669 lakh in Q4 FY26.
  • Total Comprehensive Income for the quarter was ₹27.10 lakh.

Revenue & Income:

  • Total Income was ₹8,814.90 lakh.
  • Revenue from Operations (Gross) was ₹8,617.10 lakh, derived from:
  • Gross Sales of ₹8,612.70 lakh
  • Other Operating Income of ₹4.40 lakh
  • Other Income was ₹197.80 lakh.

Expenses:

  • Total Expenses were ₹8,232.10 lakh.
  • A detailed breakdown is:
  • Cost of Materials Consumed: ₹0.00 lakh
  • Changes in Inventories: ₹0.00 lakh
  • Excise Duty: ₹6,052.50 lakh
  • Employee Benefits Expense: ₹357.90 lakh
  • Depreciation and Amortisation: ₹117.00 lakh
  • Other Expenses: ₹488.70 lakh

Earnings per Share (EPS) & Capital:

  • Basic and diluted EPS (not annualized) for the quarter was ₹0.73.
  • The paid-up equity share capital (face value ₹10 per share) remained unchanged at ₹1,698.60 lakh.
  • Other Equity was not specified for the current quarter but was ₹127,581 lakh for the previous year ended 31st March 2026.

Key Notes from the Financial Statements

1. Accounting Standards: The financial results are prepared in accordance with Indian Accounting Standards (Ind AS).

2. Segment Reporting: The company has a single operating segment, "tobacco and related products," making segment reporting under Ind AS 108 not applicable.

3. Subsidiaries & Consolidation: The company has no subsidiary, associate, or joint venture companies, making consolidated financial statements not applicable.

4. Audit Review: The statutory auditors conducted a limited review and issued an unqualified report.

5. Tax Regime Change: A major change in the indirect tax structure effective 1st February 2026 makes figures for 'Gross Sales' and 'Excise Duty' non-comparable with previous periods. The Government of India reduced the Compensation Cess on cigarettes to 'Nil' while significantly increasing GST and Excise Duty.

6. Previous Quarter Figures: The figures for the quarter ended 31st March 2026 are balancing figures between the audited annual figures and the published unaudited year-to-date figures up to the third quarter of that financial year.

Auditor's Limited Review Report

B S R & Associates LLP conducted a review of the unaudited financial results in accordance with the Standard on Review Engagements (SRE) 2410. The review report, dated 28th July 2026 and signed by Partner Balkishan Kabra, states that nothing has come to their attention to believe the statement contains any material misstatement. The auditors also highlighted the non-comparability of figures due to the tax change and the nature of the Q4 FY26 figures as balancing numbers.

Additional Regulatory Disclosures

  • Deviation in Issue Proceeds: Not Applicable.
  • Default on Loans/Debt: The company disclosed it has no outstanding loans from banks/financial institutions (₹0.00), no unlisted debt securities (₹0.00), and therefore, no outstanding defaults. Total financial indebtedness is ₹0.00.
  • Related Party Transactions: This disclosure was not applicable for this quarterly filing.
  • Impact of Audit Qualifications: Not Applicable for this quarterly filing.