VIP Industries has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported net loss at Rs 11.34 crore for the quarter under review as compared to net profit of Rs 9.07 crore for the same quarter in the previous year. However total income of the company increased by 22.25% at Rs 429.94 crore for Q4FY23 as compared to Rs 351.69 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss at Rs 4.26 crore for fourth quarter ended March 31, 2023 as compared to net profit of Rs 12.39 crore for the same quarter in the previous year. However, total income of the company increased by 25.81% at Rs 455.11 crore for Q4FY23 as compared to Rs 361.73 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported over 2- fold jump in its net profit at Rs 160.93 crore as compared to Rs 63.73 crore for the previous year. Total income of the company increased by 61.12% at Rs 2101.93 crore for year under review as compared to Rs 1304.58 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 2- fold jump in its net profit at Rs 152.34 crore as compared to Rs 66.93 crore for the previous year. Total income of the company increased by 58.34% at Rs 2099.40 crore for year under review as compared to Rs 1325.87 crore for year ended March 31, 2022.
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