VIP Industries Q2 FY24 Results: Consolidated PAT Rises to Rs. 13.28 Cr

VIP Industries Q2 FY24 Results: Consolidated PAT Rises to Rs. 13.28 Cr

VIP Industries Q2 FY24 Results Today

VIP Industries Q2 results show revenue down from 638.77 crores to 548.66 crores, a 14.10% decrease in growth. EPS slides from ₹4.08 to ₹0.94, down by 76.96%.

Quarter-on-Quarter Basis Results (Q2 FY2024):

VIP Industries shared its Q2 results on Tuesday. They earned 548.66 crores in revenue this quarter, but that’s less than the 638.77 crores they made last quarter. The company’s growth decreased by 14.10 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 13.28 crores, down from 57.75 crores in the previous quarter. Their quarter-to-quarter growth decreased by 77 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹0.94, which is a decrease of 76.96% from the ₹4.08 EPS in the previous quarter.

Year-over-Year Basis Results (Q2 FY2024):

The company made a total revenue of 548.66 crores this year (2023), which is 5.51 percent higher than last year’s total revenue of 520.02 crores.

This year’s PAT (Profit After Tax) is 13.28 crores, which is also 69.40% lower than last year’s PAT of 43.40 crores.

The EPS (Earnings Per Share) for this year is ₹0.94, which is 69.38% less than the EPS of ₹3.07 earned last year.

Year-over-Year Basis Results (Half Year Ended FY2024):

In the first half of 2023, the company generated a total revenue of 1,187.43 crores, marking a 6.24% increase compared to the previous year’s 1,117.68 crores.

The PAT (Profit After Tax) for this half-year stands at 71.03 crores, showing a 36.86% growth over the previous year’s 112.50 crores.

The EPS (Earnings Per Share) for this half-year is ₹5.02, representing a 36.86% decrease from the previous half-year’s EPS of ₹7.95.

VIP Industries Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About VIP Industries:

VIP Industries, headquartered in Mumbai, India, holds the distinguished title of being the country’s foremost manufacturer of luggage and travel accessories. On a global scale, it is the second-largest luggage producer in the world and the largest in Asia. With an extensive retail presence of over 8,000 outlets throughout India and a network of retailers spanning 50 countries, VIP Industries has firmly established itself in the international market.

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