Hyderabad headquartered, VST (Vazir Sultan Tobacco) Industries, reported their Q1 FY21 results on Monday. Consolidated revenue decreased by 4% YoY, from Rs 329 crore to Rs 314 crore. Year-on-year net profits increased by a mere 0.03%, from Rs 75.6 crore in the same quarter last year to Rs 75.7 crore this term. Both of the numbers are better than what the market analyst estimated.
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VST Industries is a public conglomerate company which manufactures and distribute cigarettes. The company declared a dividend of Rs 103 last month.
Even though the company edged out the street estimates, their share price fell by 0.5% in anticipation of poor quarterly results.