Revenue from operations declined 8.29% year on year (YoY) to Rs 503.54 crore in the quarter ended 31 December 2024.
Total expenses fell 2.92% YoY to Rs 520.23 crore during the quarter. Employee benefit expenses were at Rs 54.34 crore (down 21.25% YoY). The cost of material consumed stood at Rs 152.03 crore (down 15.33% YoY).
The firm reported a pre-tax loss of Rs 16.69 crore in the third quarter of FY25, as against a profit before tax of Rs 13.19 crore posted in the corresponding quarter last year.
For Q3 FY25, EBITDA tumbled 43.63% to Rs 31 crore from Rs 55 crore recorded in same quarter last year. EBITDA margin slipped to 6.2% in the December 2024 quarter as against 10% reported in Q3 FY24.
VIP Industries is the leading manufacturer of hard and soft luggage in Asia.
V I P Industries reports consolidated net loss of Rs 12.42 crore in the December 2024 quarter
28 - Jan - 2025 12:00 AM | 45 days ago
Net loss of V I P Industries reported to Rs 12.42 crore in the quarter ended December 2024 as against net profit of Rs 7.15 crore during the previous quarter ended December 2023. Sales declined 8.30% to Rs 501.07 crore in the quarter ended December 2024 as against Rs 546.42 crore during the previous quarter ended December 2023.
V I P Industries reports consolidated net loss of Rs 12.42 crore in the December 2024 quarter
28 - Jan - 2025 12:00 AM | 45 days ago
Net loss of V I P Industries reported to Rs 12.42 crore in the quarter ended December 2024 as against net profit of Rs 7.15 crore during the previous quarter ended December 2023. Sales declined 8.30% to Rs 501.07 crore in the quarter ended December 2024 as against Rs 546.42 crore during the previous quarter ended December 2023.
V I P Industries allots 425 equity shares under ESOP
19 - Nov - 2024 12:00 AM | 115 days ago
V I P Industries has allotted 425 equity shares under VIP Employees Stock Appreciation Rights Plan, 2018. With the allotment of the above shares, the equity base of the Company stands increased from present level of 14,20,13,448 (Nos.) to 14,20,13,874 (Nos.) equity shares of Rs. 2/- each.
Revenue from operations declined 8.29% year on year (YoY) to Rs 503.54 crore in the quarter ended 31 December 2024.
Total expenses fell 2.92% YoY to Rs 520.23 crore during the quarter. Employee benefit expenses were at Rs 54.34 crore (down 21.25% YoY). The cost of material consumed stood at Rs 152.03 crore (down 15.33% YoY).
The firm reported a pre-tax loss of Rs 16.69 crore in the third quarter of FY25, as against a profit before tax of Rs 13.19 crore posted in the corresponding quarter last year.
For Q3 FY25, EBITDA tumbled 43.63% to Rs 31 crore from Rs 55 crore recorded in same quarter last year. EBITDA margin slipped to 6.2% in the December 2024 quarter as against 10% reported in Q3 FY24.
VIP Industries is the leading manufacturer of hard and soft luggage in Asia.
V I P Industries reports consolidated net loss of Rs 12.42 crore in the December 2024 quarter
28 - Jan - 2025 12:00 AM | 45 days ago
Net loss of V I P Industries reported to Rs 12.42 crore in the quarter ended December 2024 as against net profit of Rs 7.15 crore during the previous quarter ended December 2023. Sales declined 8.30% to Rs 501.07 crore in the quarter ended December 2024 as against Rs 546.42 crore during the previous quarter ended December 2023.
V I P Industries allots 425 equity shares under ESOP
19 - Nov - 2024 12:00 AM | 115 days ago
V I P Industries has allotted 425 equity shares under VIP Employees Stock Appreciation Rights Plan, 2018. With the allotment of the above shares, the equity base of the Company stands increased from present level of 14,20,13,448 (Nos.) to 14,20,13,874 (Nos.) equity shares of Rs. 2/- each.
Revenue from operations declined 8.29% year on year (YoY) to Rs 503.54 crore in the quarter ended 31 December 2024.
Total expenses fell 2.92% YoY to Rs 520.23 crore during the quarter. Employee benefit expenses were at Rs 54.34 crore (down 21.25% YoY). The cost of material consumed stood at Rs 152.03 crore (down 15.33% YoY).
The firm reported a pre-tax loss of Rs 16.69 crore in the third quarter of FY25, as against a profit before tax of Rs 13.19 crore posted in the corresponding quarter last year.
For Q3 FY25, EBITDA tumbled 43.63% to Rs 31 crore from Rs 55 crore recorded in same quarter last year. EBITDA margin slipped to 6.2% in the December 2024 quarter as against 10% reported in Q3 FY24.
VIP Industries is the leading manufacturer of hard and soft luggage in Asia.
V I P Industries reports consolidated net loss of Rs 12.42 crore in the December 2024 quarter
28 - Jan - 2025 12:00 AM | 45 days ago
Net loss of V I P Industries reported to Rs 12.42 crore in the quarter ended December 2024 as against net profit of Rs 7.15 crore during the previous quarter ended December 2023. Sales declined 8.30% to Rs 501.07 crore in the quarter ended December 2024 as against Rs 546.42 crore during the previous quarter ended December 2023.
V I P Industries reports consolidated net loss of Rs 12.42 crore in the December 2024 quarter
28 - Jan - 2025 12:00 AM | 45 days ago
Net loss of V I P Industries reported to Rs 12.42 crore in the quarter ended December 2024 as against net profit of Rs 7.15 crore during the previous quarter ended December 2023. Sales declined 8.30% to Rs 501.07 crore in the quarter ended December 2024 as against Rs 546.42 crore during the previous quarter ended December 2023.
V I P Industries allots 425 equity shares under ESOP
19 - Nov - 2024 12:00 AM | 115 days ago
V I P Industries has allotted 425 equity shares under VIP Employees Stock Appreciation Rights Plan, 2018. With the allotment of the above shares, the equity base of the Company stands increased from present level of 14,20,13,448 (Nos.) to 14,20,13,874 (Nos.) equity shares of Rs. 2/- each.
