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Radhakishan Damani-backed VST Industries shares jumps 15% as Q4 profit doubles to Rs 116 crore

by FeeOnlyNews.com
2 months ago
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Radhakishan Damani-backed VST Industries shares jumps 15% as Q4 profit doubles to Rs 116 crore
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VST Industries shares attracted strong investor interest on Friday, with the stock surging 15.41% to Rs 278.71 in intraday trade, driven by a sharp rise in profits and robust operating performance.

For Q4 FY26, VST Industries reported a remarkable 120% year-on-year jump in net profit to Rs 116.7 crore, more than doubling from Rs 53 crore in the same quarter last year.

Revenue from operations also saw a substantial increase, rising 52% to Rs 689 crore compared to Rs 453 crore a year ago, highlighting strong demand and effective execution.

Operationally, the company remained solid, with EBITDA climbing 61% to Rs 450 crore from Rs 279 crore last year. The margin expansion reflects improved efficiencies and favourable market conditions.

The company attributed its performance to strong fundamentals and market-driven initiatives, which have helped revive volumes and drive growth.

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Overall, the upbeat results have reinforced investor confidence, positioning VST Industries as a stock to watch amid a broader market recovery.On the valuation front, VST Industries is currently trading at a price-to-earnings (P/E) ratio of 17.95, while its price-to-book (P/B) ratio stands at 3.1, indicating the stock is valued at a little over three times its net asset value.From a momentum perspective, the 14-day Relative Strength Index (RSI) stands at 65.2. Since RSI values below 30 typically signal that a stock is oversold and above 70 indicate overbought conditions, the current level suggests the stock is approaching the higher end but is not yet overbought.

Technically, the trend appears strong and positive, with the stock trading above all 8 out of 8 Simple Moving Averages (SMAs). This alignment is generally considered bullish, indicating sustained upward momentum across short- to long-term timeframes.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)



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Tags: croreDamanibackeddoublesIndustriesjumpsprofitRadhakishansharesVST
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