VST Industries Q2 Results FY27: Revenue Rs 241.32 Cr Down 28.2%, PAT Rs 41.04 Cr

VST Industries Ltd (VSTIND) Q2 Results FY27 announced on 28 October 2026, covering the company's financial performance for the July to September quarter. The Standalone results record revenue of Rs 241.32 Cr and net profit of Rs 41.04 Cr, compared with Rs 336.12 Cr and Rs 59.21 Cr a year earlier. Investors tracking VST Industries Q2 Results FY27 can treat this results date as the reference point for every figure below.

This results analysis of VST Industries Q2 Results covers the financial highlights, the business drivers, the outlook and the risks, and Univest readers can follow each part in order. It begins with the Financial Highlights table, which sets this quarter against the same quarter last year.

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VST Industries Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 241.32 Cr	Rs 336.12 Cr	-28.2% YoY
Operating Profit	Rs 43.24 Cr	Rs 78.62 Cr	-45% YoY
Net Profit (PAT)	Rs 41.04 Cr	Rs 59.21 Cr	-30.69% YoY

Source: company filing for VST Industries Q2 Results FY27, 28 October 2026. Figures in Rs Crore, Standalone basis.

Key Takeaways from VST Industries Q2 Results: What Stands Out

• Revenue Rs 241.32 Cr: Standalone revenue was down 28.2% YoY from Rs 336.12 Cr, which is a negative YoY growth reading for the top line this quarter.
• Net profit Rs 41.04 Cr: net profit was down 30.69% YoY from Rs 59.21 Cr, a steeper fall than revenue in VST Industries Q2 Results FY27.
• Operating Profit Rs 43.24 Cr: this line was down 45% YoY from Rs 78.62 Cr, the largest percentage fall among the three lines reported.
• Balance sheet note: the company is almost debt free, with a debt-to-assets ratio of 0.00 in FY26, as listed under the business factors.
• Next step: the performance analysis below explains how revenue, Operating Profit and net profit moved together during this quarter.

VST Industries Q2 Results FY27: Performance Analysis

VST Industries reported Standalone revenue of Rs 241.32 Cr in the July to September quarter, down 28.2% YoY. Operating Profit fell 45% YoY to Rs 43.24 Cr and net profit fell 30.69% YoY to Rs 41.04 Cr. All three lines declined in the VST Industries Q2 Results FY27 filing.

Operating Profit fell by 45%, net profit by 30.69% and revenue by 28.2%, so profit lines fell by more than revenue. This YoY growth pattern is negative on every line in the quarterly results, a comparison drawn only from the supplied figures.

Investors will look at how later quarters compare with this one, because quarterly net profit has ranged from Rs 41.04 Cr to Rs 116.69 Cr over the last 5 quarters. VST Industries Q2 Results will be read against the coming disclosures, and the results analysis now turns to the business factors.

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Key Business Factors This Quarter

Return on Equity – The results analysis points to a return on equity of 21.14% in FY26 as the first business factor, which gives a full-year profitability reference point for the Standalone figures reported in the latest quarterly results.

Return on Capital Employed – Return on capital employed was 28.18% in FY26, a second full-year measure that sits beside the quarterly figures and gives readers a longer base than the single quarter covered by VST Industries Q2 Results FY27.

Almost Debt Free – The company is almost debt free, with a debt-to-assets ratio of 0.00 in FY26. This is a balance sheet fact for the year and does not by itself explain the movement in this quarter's revenue or profit.

FY27 Outlook After VST Industries Q2 Results

The FY27 full-year picture for VST Industries will depend on the quarters that follow this declaration and on the conditions the company discloses for its business. This results analysis stays within the supplied figures, and net profit of Rs 41.04 Cr for the quarter is one input into the year.

VST Industries Q2 Results FY27 give readers a Standalone base of Rs 241.32 Cr in revenue to compare with later filings. The Univest Screener lets readers line up each new quarter against this one, and the next section lists the risks that sit alongside these figures.

Key Risks to Watch After VST Industries Q2 Results FY27

Revenue Decline

Revenue declined 28.2% year on year to Rs 241.32 Cr in the latest quarter. VST Industries Q2 Results FY27 therefore show a lower revenue base, and later quarters will show whether that YoY growth reading changes.

Lower Net Profit

Net profit fell 30.7% year on year to Rs 41.04 Cr, with Operating Profit down 45% YoY. Readers comparing quarters should keep both profit lines in view alongside the 28.2% revenue decline.

Volatile Quarterly Profit

Quarterly net profit has been volatile, ranging from Rs 41.04 Cr to Rs 116.69 Cr over the last 5 quarters. This quarter sits at the low end of that range, which is a reference point for the next filing.

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Conclusion

VST Industries Q2 Results FY27 show Standalone revenue of Rs 241.32 Cr and net profit of Rs 41.04 Cr, both lower YoY. The quarterly results also sit beside an almost debt free balance sheet in FY26, so VST Industries Q2 Results are best read alongside the Standalone results of earlier quarters. Investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on VST Industries Q2 Results FY27

What are VST Industries Q2 Results FY27?

Ans. VST Industries Q2 Results FY27 cover the July to September 2026 quarter, with Standalone revenue of Rs 241.32 Cr and net profit of Rs 41.04 Cr, so the Financial Highlights table shows each line against last year.

What is the results date for VST Industries Q2 Results FY27?

Ans. VST Industries declared its Q2 FY27 results on 28 October 2026, which is the results date used throughout this article, so the Quick Answer and the introduction both refer to the same filing.

What revenue was reported in VST Industries Q2 Results FY27?

Ans. VST Industries reported Standalone revenue of Rs 241.32 Cr in Q2 FY27 against Rs 336.12 Cr a year earlier, which means YoY growth of minus 28.2% as shown in the Financial Highlights section.

What net profit was reported in VST Industries Q2 Results FY27?

Ans. Net profit in VST Industries Q2 FY27 was Rs 41.04 Cr compared with Rs 59.21 Cr a year earlier, so net profit fell 30.69% YoY, as the Key Takeaways section explains.

How much YoY growth did revenue show in VST Industries Q2 Results FY27?

Ans. Revenue in VST Industries Q2 FY27 was down 28.2% YoY, alongside Operating Profit down 45% and net profit down 30.69%, as the Performance Analysis section compares the three lines.

Did net profit rise or fall in VST Industries Q2 Results?

Ans. Net profit fell in VST Industries Q2 Results, down 30.69% YoY to Rs 41.04 Cr, while the last 5 quarters ranged from Rs 41.04 Cr to Rs 116.69 Cr, a point covered under Key Risks to Watch.

What was the Operating Profit in VST Industries Q2 Results FY27?

Ans. Operating Profit in VST Industries Q2 FY27 was Rs 43.24 Cr against Rs 78.62 Cr a year earlier, a fall of 45% YoY, which the Performance Analysis section sets beside revenue and net profit.

Are VST Industries Q2 Results consolidated results or standalone results?

Ans. VST Industries Q2 Results are Standalone results, so the revenue and net profit in the Financial Highlights table are on a Standalone basis, which means they reflect the company-level figures supplied for the quarter.

What business factors shaped VST Industries Q2 Results FY27?

Ans. The business factors listed for VST Industries Q2 FY27 are return on equity of 21.14%, return on capital employed of 28.18% and a debt-to-assets ratio of 0.00 in FY26, as the Key Business Factors section details.

What are the key risks after VST Industries Q2 Results FY27?

Ans. Risks after VST Industries Q2 FY27 include a 28.2% revenue decline, a 30.7% fall in net profit and volatile quarterly net profit over the last 5 quarters, all covered under Key Risks to Watch.

What is the outlook after VST Industries Q2 Results?

Ans. The outlook after VST Industries Q2 Results depends on later FY27 quarters, so full-year results will reflect the quarters still to be declared, as the FY27 Outlook section explains without adding management guidance.

Where can I find the complete VST Industries Q2 Results FY27 data?

Ans. The complete data for VST Industries Q2 FY27 sits in the Financial Highlights table of this article, while the Univest Screener lets readers compare each new quarter with this one, as the Outlook section notes.