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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
VST Industries Ltd

VST Industries Q2 FY27 PAT at Rs. 4104 Lakhs, Excise Duty Rs. 60274 Lakhs

RESULTS ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 28 Oct 2026, 03:41 PM IST  ·  BSE ID: ea30156e-e914-4dea-a7e0-a3ded7a2db36
View Original BSE Filing (PDF)
💡
In Simple Terms
VST Industries reported its latest financial results, showing a profit of Rs. 4104 Lakhs for the September 2026 quarter.
🤖 AI Summary
  • VST Industries recorded Profit After Tax (PAT) of Rs. 4104 Lakhs for the quarter ended 30th September, 2026.
  • Total Revenue from Operations (Gross) was Rs. 84406 Lakhs for the second quarter of FY27.
  • Excise duty for Q2 FY27 stood at Rs. 60274 Lakhs; not comparable with previous periods due to tax changes.
  • Basic and diluted Earnings per Share (EPS) for the quarter ended 30th September, 2026 was Rs. 241.
  • Statement of Assets and Liabilities and Cash Flow Statement for the half year ended 30th September, 2026 enclosed.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit After Tax (Q2 FY27)
4104 Lakhs
Total Revenue from Operations (Gross) (Q2 FY27)
84406 Lakhs
Excise duty (Q2 FY27)
60274 Lakhs
Not comparable — limited prior period data.
Basic and diluted EPS (Q2 FY27)
241
Cash and Cash Equivalents (as of Sep 30, 2026)
769 Lakhs
Net cash generated from Operating Activities (Half Year FY27)
19880 Lakhs
186.22%
🏢 How This Affects the Company
📈
Business Impact
The non-comparability of Gross Sales and Excise Duty figures makes it difficult to assess direct business performance shifts against prior periods due to significant indirect tax amendments.
💰
Financial Impact
Profit After Tax for the quarter was Rs. 4104 Lakhs. Cash and Cash Equivalents stood at Rs. 769 Lakhs as of September 30, 2026, down from Rs. 2369 Lakhs as of March 31, 2026.
⚙️
Operational Impact
Employee benefits expense for the quarter was Rs. 3401 Lakhs, a sequential decrease from Rs. 3579 Lakhs in the preceding quarter, indicating some operational expenditure management.
⚠️
Risk Impact
The ongoing impact of the indirect tax regime change introduces financial volatility and uncertainty in direct comparisons of revenue and tax metrics across periods.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance. Basic and diluted EPS for the quarter was Rs. 241, down from Rs. 349 in the corresponding previous quarter.
🔍
Management Signal
The filing signals management's adherence to regulatory disclosure requirements and acknowledges the impact of external factors like tax regime changes on reported financial metrics.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — assess sequential PAT and revenue trends.
Clarifications on long-term impact of new indirect tax regime on sales volumes.
Analysis of inventory levels to understand demand and supply dynamics.
MEDIUM RISK Non-comparability of key revenue and tax figures due to indirect tax regime change introduces uncertainty.
💡 Investor Takeaway
VST Industries reported Q2 FY27 Profit After Tax of Rs. 4104 Lakhs and Total Revenue from Operations (Gross) of Rs. 84406 Lakhs. The company noted that Gross Sales and Excise duty figures are not comparable with previous periods due to a significant indirect tax regime change effective February 1, 2026.
⚖️ Strengths & Concerns

✅ Positives

  • Total Comprehensive Income for the half year ended 30th September, 2026 was Rs. 8381 Lakhs.
  • Net cash generated from Operating Activities for the half year stood at Rs. 19880 Lakhs, up from Rs. 6947 Lakhs in the prior comparable period.

⚠️ Concerns

  • Profit after Tax for the quarter ended 30th September, 2026 was Rs. 4104 Lakhs, a decline from Rs. 5101 Lakhs in the corresponding period of the previous year.
  • Cash and Cash Equivalents decreased to Rs. 769 Lakhs as of September 30, 2026, from Rs. 2369 Lakhs as of March 31, 2026.
📅 Company Track Record
VST Industries' Q1 FY27 Net Revenue was reported down 13% to Rs. 256 crores, with PAT at Rs. 1,242 Lakhs. FY26 saw cigarette revenue at Rs. 1,151 Crores (+25%) and EBITDA at Rs. 450 Crores (+61%), but prior filings also noted tax regime shift impacting comparability.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was VST Industries' Profit After Tax for the quarter ended September 30, 2026?
VST Industries' Profit After Tax for the quarter ended September 30, 2026, was Rs. 4104 Lakhs.
What was VST Industries' Total Revenue from Operations (Gross) for Q2 FY27?
The Total Revenue from Operations (Gross) for VST Industries for the quarter ended September 30, 2026, was Rs. 84406 Lakhs.
Why are VST Industries' gross sales and excise duty figures not comparable with previous periods?
Gross Sales and Excise Duty figures for VST Industries are not comparable due to significant amendments in indirect taxes, specifically a reduction of Compensation Cess to 'Nil' and increased GST and Excise Duty on cigarettes, effective February 1, 2026.
What were VST Industries' Cash and Cash Equivalents as of September 30, 2026?
VST Industries reported Cash and Cash Equivalents of Rs. 769 Lakhs as of September 30, 2026.
What was the Net cash generated from Operating Activities for VST Industries for the half year ended September 30, 2026?
For the half year ended September 30, 2026, VST Industries generated Rs. 19880 Lakhs in Net cash from Operating Activities.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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