VST Industries Financial Statements

VST Industries (VSTIND) reported revenue of ₹18.44B in FY2025 with net income of ₹2.90B. Total assets stood at ₹18.16B and free cash flow was ₹1.52B.

VST Industries Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		14.73B	16.07B	17.49B	19.17B	18.44B
Cost of Rev. Cost of Revenue		-8.41B	-5.14B	-6.21B	-7.55B	-7.97B
Gross Profit		6.32B	10.94B	11.28B	11.62B	10.47B
SGA Sales, General & Admin		-2.21B	-6.36B	-6.69B	-7.29B	-7.34B
Op. Income Operating Income		3.76B	4.28B	4.29B	3.95B	2.69B
PBT Profit Before Tax		4.17B	4.28B	4.29B	3.95B	3.70B
Net Income		3.11B	3.20B	3.27B	3.02B	2.90B
Dil. Shares Diluted Shares		169.86M	169.86M	169.86M	169.86M	169.82M
Diluted EPS		18.30	18.85	19.25	17.75	17.10

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows VST Industries's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

VST Industries Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		12.51B	11.42B	8.32B	11.88B	9.39B
Non-curr. assets Total non-current assets		2.35B	4.49B	8.22B	5.32B	8.77B
Total assets		14.86B	15.91B	16.54B	17.20B	18.16B
Curr. liabilities Total current liabilities		5.23B	4.93B	4.52B	4.46B	4.70B
Non-curr. liab. Total non-current liabilities		220.79M	229.61M	215.31M	216.42M	234.46M
Total liabilities		5.45B	5.16B	4.74B	4.68B	4.93B
Total equity		9.40B	10.74B	11.80B	12.52B	13.23B
Total liab. & eq. Total liabilities & equity		14.86B	15.91B	16.54B	17.20B	18.16B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures VST Industries's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

VST Industries Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		4.17B	4.28B	4.29B	3.95B	3.70B
Operating CF Cash flow Operating Activities		2.86B	2.77B	1.81B	1.67B	1.93B
Capex Investments in PPE		-463.74M	-489.10M	-4.04B	-943.40M	-410.27M
Investing CF Cash flow Investing Activities		-1.44B	-957.50M	467.20M	793.20M	97.91M
Dividend Paid		-1.59B	-1.76B	-2.15B	-2.31B	-2.31B
Financing CF Cash flow Financing Activities		-1.59B	-1.87B	-2.24B	-2.31B	-2.21B
Cash (start) Cash at beginning of period		262.21M	93.70M	41.90M	88.20M	243.91M
Cash (end) Cash at end of period		93.67M	41.90M	88.20M	243.90M	63.39M
FCF Free Cash Flow		2.40B	2.28B	-2.22B	726.80M	1.52B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how VST Industries's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025