Integrated Filing — IndAS

General information about company
Scrip Code	509966
NSE Symbol	VSTIND
MSEI Symbol	NOTLISTED
ISIN	INE710A01016
Name of company	VST INDUSTRIES LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	25-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	16-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Tobacco and related products
Start date and time of board meeting	25-Apr-2025   11:30:00
End date and time of board meeting	25-Apr-2025   13:40:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-04-25
Indicate Company website link for updated RPT policy of the Company	www.vsthyd.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
there are no loans and debt securities

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	4539800000	18094300000
	Other income	98300000	348100000
	Total income	4638100000	18442400000
2	Expenses
(a)	Cost of materials consumed	2017900000	7863300000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	34400000	104300000
(d)	Employee benefit expense	324200000	1383200000
(e)	Finance costs	0	0
(f)	Depreciation, depletion and amortisation expense	123500000	444900000
(f)	Other Expenses
1	Excise Duty	1047400000	4116800000
2	Other Expenses	420500000	1838700000
	Total other expenses	1467900000	5955500000
	Total expenses	3967900000	15751200000
3	Total profit before exceptional items and tax	670200000	2691200000
4	Exceptional items	0	1004900000
5	Total profit before tax	670200000	3696100000
6	Tax expense
7	Current tax	145800000	825900000
8	Deferred tax	-5600000	-33800000
9	Total tax expenses	140200000	792100000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	530000000	2904000000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	530000000	2904000000
17	Other comprehensive income net of taxes	9000000	9100000
18	Total Comprehensive Income for the period	539000000	2913100000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1698600000	1698600000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	3.13	17.1
	Diluted earnings (loss) per share from continuing operations	3.13	17.1
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	3.13	17.1
	Diluted earnings (loss) per share from continuing and discontinued operations	3.13	17.1
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes: n1. The above mentioned results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 25th April, 2025. n2.The Company does not have any subsidiary company including an associate and joint venture. Accordingly, preparation of a consolidated financial statements is not applicable. n3. Exceptional item comprise an amount Rs. 10049 Lakhs (net of tax Rs. 8688 Lakhs) on account of net gain realised on sale of one of its immovable property being land alongwith structures situated at Hyderabad, Telangana. n4. The financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular dated 5th July, 2016. n5. The figures for the quarter ended 31st March, 2025 and 31st March, 2024 are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures upto the third quarter of the respective financial years. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	3068400000
	Capital work-in-progress	13200000
	Investment property	0
	Goodwill	0
	Other intangible assets	500000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	1994600000
	Trade receivables, non-current	0
	Loans, non-current	300000
	Other non-current financial assets	0
	Total non-current financial assets	1994900000
	Deferred tax assets (net)	181300000
	Other non-current assets	19900000
	Total non-current assets	5278200000
2	Current assets
	Inventories	4845800000
	Current financial asset
	Current investments	3324500000
	Trade receivables, current	640600000
	Cash and cash equivalents	63400000
	Bank balance other than cash and cash equivalents	112100000
	Loans, current	0
	Other current financial assets	26800000
	Total current financial assets	4167400000
	Current tax assets (net)	0
	Other current assets	381300000
	Total current assets	9394500000
3	Non-current assets classified as held for sale	3487300000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	18160000000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1698600000
	Other equity	11528300000
	Total equity attributable to owners of parent	13226900000
	Non controlling interest
	Total equity	13226900000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities
	Total non-current financial liabilities	0
	Provisions, non-current	234500000
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	234500000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	38500000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1232600000
	Total Trade payable	1271100000
	Other current financial liabilities	496800000
	Total current financial liabilities	1767900000
	Other current liabilities	2776900000
	Provisions, current	0
	Current tax liabilities (Net)	153800000
	Deferred government grants, Current
	Total current liabilities	4698600000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	4933100000
	Total equity and liabilites	18160000000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

8. During the quarter ended 30th September, 2024, the Company had issued and allotted 15,44,19,200 ordinary shares of Rs. 10/- each as fully paid up Bonus Shares in the proportion of 10 Equity Share of Rs. 10 each for every 1 existing ordinary share of Rs. 10 each. Accordingly, the Earnings Per Share (EPS) has been restated for all the periods. n n9. The Board of Directors have recommended dividend for the financial year 2024-2025 at Rs. 10/- per Equity Share of Rs. 10 each. The payment is subject to approval of the shareholders at the ensuing Annual General Meeting of the Company. n YE 31-03-2025 YE 31-03-2024 nEarnings per Share (EPS)- before considering exceptional item 11.98 17.75 nDividend per Share 10.00 13.64 nDivdend payout (as % of EPS before considering exceptional item) 83% 77% n n10. The above results of the Company have been audited by the Statutory Auditors, who have issued an unmodified audit report. n n11. The Company has a single operating segment viz. “tobacco and related products”, and accordingly, reviews business performance at an overall Company level. Therefore, the disclosure as per IND AS 108 - ‘Operating Segments' is not applicable. n n n n

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	items that will not be reclassified to profit ur loss	7500000	14700000
	Total Amount of items that will not be reclassified to profit and loss	7500000	14700000
2	Income tax relating to items that will not be reclassified to profit or loss	1700000	4600000
3	Amount of items that will be reclassified to profit and loss
1	items that will be reclassified to profit ur loss	4300000	-1300000
	Total Amount of items that will be reclassified to profit and loss	4300000	-1300000
4	Income tax relating to items that will be reclassified to profit or loss	1100000	-300000
5	Total Other comprehensive income	9000000	9100000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			3696100000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			0
	Adjustments for decrease (increase) in inventories			-295900000
	Adjustments for decrease (increase) in trade receivables, current			-189400000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			148000000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			88000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			444900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			-1023000000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			194900000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			49800000
	Adjustments for fair value losses (gains)			16200000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-191000000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-757500000
	Net cash flows from (used in) operations			2938600000
	Dividends received			-600000
	Interest paid			0
	Interest received			-129900000
	Income taxes paid (refund)			873400000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1934700000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			1024900000
	Purchase of property, plant and equipment			410300000
	Proceeds from sales of investment property			28364800000
	Purchase of investment property			29028000000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			600000
	Interest received			145700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			200000
	Net cash flows from (used in) investing activities	97900000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			-2307700000
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			94600000
	Net cash flows from (used in) financing activities			-2213100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-180500000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-180500000
	Cash and cash equivalents cash flow statement at beginning of period			243900000
	Cash and cash equivalents cash flow statement at end of period			63400000