VIP Industries has reported results for the fourth quarter and year ended March 31, 2019.
The company has reported a fall of 43.40% in its net profit at Rs 18.36 crore for the quarter ended March 31, 2019 as compared to Rs 32.44 crore for the same quarter in the previous year. However, total income of the company increased by 19.68% at Rs 436.75 crore for quarter under review as compared to Rs 364.93 crore for the quarter ended March 31, 2018.
On consolidated basis, the company has reported fall of 27.87% in its net profit at Rs 25.28 crore for the quarter ended March 31, 2019 as compared to Rs 35.05 crore for the corresponding quarter in the FY18. However, total consolidated income of the company rose 19.74% at Rs 436.95 crore for quarter under review as compared to Rs 364.91 crore for the same quarter ended previous year.
For the year ended March 31, 2019, the company has posted a rise of 8.64% in its net profit at Rs 128.81 crore as compared to Rs 118.57 crore for the previous year. Total income of company increased 25.74% at Rs 1,793.96 crore for year under review as compared to Rs 1,426.77 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 14.61% in its net profit at Rs 145.27 crore as compared to Rs 126.75 crore for the previous year. Total income of company increased by 25.77% at Rs 1,792.98 crore for year under review as compared to Rs 1,425.65 crore for year ended March 31, 2018.
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