April 24, 2024

VIP Industries broadcasts Q3FY24 outcomes.

Baggage maker VIP Industries Ltd on January 30 reported a consolidated web revenue of Rs 7.15 crore for the December quarter of FY24, down 83.78 % from Rs 44.10 crore in the identical quarter of the earlier monetary yr.

Complete income got here in at Rs 546.4 crore, rising 4 % from Rs 526.4 crore within the year-ago quarter, the corporate stated in a regulatory submitting.

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VIP Industries’ consolidated earnings earlier than curiosity, tax, depreciation and amortization (EBIDTA) had been at Rs 52.3 crore down by 28 %. The EBIDTA margin got here in at 9.6 % in opposition to 13.9 % within the year-ago interval.

The Board of Administrators declared an Interim Dividend of Rs 2  per fairness share for the monetary yr 2023-24. This dividend, representing 100%, will likely be paid on or after February 16, 2024.

Shares of VIP Industries closed 0.76 % decrease at Rs 543.45 on BSE.