V.I.P. Industries has reported results for first quarter ended June 30, 2020.
The company has reported net loss of Rs 41.67 crore for the quarter under review as against net profit of Rs 37.53 crore for the same quarter in the previous year. Total income of the company decreased 89.70% at Rs 59.41 crore for Q1FY21 as compared Rs 576.67 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net loss of Rs 51.32 crore for the quarter under review as against net profit of Rs 35.08 crore for the same quarter in the previous year. Total income of the company decreased by 89.73% at Rs 58.22 crore for Q1FY21 as compared Rs 566.77 crore for the corresponding quarter previous year.
