VST Industries Q2 FY27 Results & Earnings Intelligence
VSTINDStructural risk assessment following Q2-FY27 | 30 Sep 26 earnings.
₹844.1 Cr
-2.0% QoQ
₹53.3 Cr
-32.0% YoY•-8.5% QoQ
₹41.0 Cr
-30.7% YoY•-3.3% QoQ
18/ 100
−2 pts QoQ
The Quarter at a Glance
Consolidated Financials| Metric | Q2-FY27 | 30 Sep 26 | Q2-FY26 | 30 Sep 25 | YoY Δ | Q1-FY27 | 30 Jun 26 | QoQ Δ |
|---|---|---|---|---|---|
| Revenue from Operations | ₹844.1 Cr | N/A | N/A | ₹861.7 Cr | -2.0% |
| Revenue (Total Income) | ₹864.9 Cr | ₹462.3 Cr | +87.1% | ₹881.5 Cr | -1.9% |
| Operating Profit (EBITDA) | ₹53.3 Cr | ₹78.4 Cr | -32.0% | ₹58.3 Cr | -8.5% |
| Profit Before Tax (PBT) | ₹53.3 Cr | ₹78.4 Cr | -32.0% | ₹58.3 Cr | -8.5% |
| EBIT Margin | 6.16% | 16.96% | -1080 bps | 6.61% | -45 bps |
| Net Profit (PAT) | ₹41.0 Cr | ₹59.2 Cr | -30.7% | ₹42.4 Cr | -3.3% |
| Interest Expense | ₹0.0 Cr | ₹0.0 Cr | N/A | ₹0.0 Cr | N/A |
| Operating Cash Flow | ₹198.8 Cr | ₹69.5 Cr | +186.2% | N/A | N/A |
| Basic EPS (₹/share) | ₹2.41 | N/A | N/A | ₹2.50 | -3.6% |
Sources:Official BSE/NSE Disclosures & Financial Filings
Core operating EBITDA margin of 6.2% reflects operating leverage, gross spread absorption, and input cost discipline against revenue.
Sentinel Executive Summary
Core Earnings Synthesis"VST Industries Limited currently sits within Flagium's Stable category. However, recent periods have introduced early signs of competitive and operating pressure, leverage and funding pressure. Revenue growth remained positive, but profit contraction and triggers like 'Other Income Dependency', 'Industrial Margin Stress' increased structural risk. Current deterioration appears cyclical rather than existential."
VST Industries Limited successfully defended its top-line revenue growth, but faced bottom-line compression due to escalating operating costs or margin friction. With 3 active flags, the structural profile reflects temporary margin headwinds despite stable market demand.
🟢 Key Operational & Structural Positives
- ✓Revenue Growth: Quarterly revenue moved +87.1% YoY and -1.9% QoQ, reflecting demand and volume trends.
⚠️ Key Areas of Watch & Margin Pressures
- ⚠Resolution of 'Industrial Margin Stress': VSTIND: EBITDA margin compressed by 1218 bps YoY.
- ⚠Resolution of 'Operating Leverage Stress': Expenses are consistently growing faster than revenues, creating operational pressure.
- ⚠Operating margin pressure: Margin moved -1080 bps YoY, -45 bps QoQ to 6.2%, monitor overhead and operational cost absorption.
Flagium Risk Signals
Automated Forensic SignalsStabilization in key metrics • Persistent watch: Other Income Dependency • Persistent watch: Industrial Margin Stress • Persistent watch: Operating Leverage Stress
VSTIND: 39.2% of PBT derived from Other Income in Q2 FY2027 (Other Income: ₹20.9 Cr vs PBT: ₹53.3 Cr).
VSTIND: EBITDA margin compressed by 1218 bps YoY.
Expenses are consistently growing faster than revenues, creating operational pressure.
🎙️ VST Industries (VSTIND) Q2 FY27 Concall Intelligence
Management Commentary, Concall Takeaways & Key Discussion Themes
No earnings call transcript was available
for this reporting period.
What to do next
Explore VSTIND's full structural risk profile — 12Q score trajectory, pillar breakdown, flag history, and peer benchmarking.
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Flagium AI is an automated financial data analytics platform. Analysis reports are compiled programmatically from public regulatory XBRL submissions (NSE/BSE) for educational and research purposes only. Flagium AI is not registered with SEBI as a Research Analyst or Investment Adviser under SEBI regulations. This evaluation does not constitute investment advice, financial planning, or recommendations to buy, sell, or hold any security.
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