VST Industries reports decline in financial performance for Q2 2024.

Despite a challenging quarter, VST Industries, a midcap company in the cigarettes/tobacco industry, has declared its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, VST Industries has seen a negative performance in the quarter, with a score of -8 compared to 6 in the previous quarter. This is a significant decline and indicates that the company is facing some challenges.

One of the major factors contributing to this decline is the decrease in Profit After Tax (PAT), which has fallen by 28.9% compared to the average of the previous four quarters. The Profit Before Tax (PBT) has also seen a decline of 19.8% over the average of the previous four quarters. This indicates a negative trend in the company's profitability in the near term.

The company's net sales have also taken a hit, with the lowest quarterly sales of Rs 321.33 crore in the last five quarters. This is a decrease of 9.5% compared to the average of the previous four quarters. The declining sales trend is a cause for concern for the company.

Additionally, the company's earnings per share (EPS) have also decreased, with the lowest EPS of Rs 34.70 in the last five quarters. This shows a decline in profitability and lower earnings for shareholders.

Despite these challenges, VST Industries remains a midcap company in the cigarettes/tobacco industry. It will be interesting to see how the company navigates through these difficulties and improves its financial performance in the upcoming quarters.