Moneycontrol PRO

business

See 40-50% growth in profit before tax in FY12: VIP Inds

VIP Industries had shown smart growth in FY11 net profit. It grew 83.64% at Rs 88.7 crore, compared to Rs 48.3 crore in 2009-10. In an interview with CNBC-TV18, the company’s chairman Dilip Piramal says, he sees 40-50% growth in profit before tax (PBT) in FY12.

first published: Jul 5, 2011 12:10 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347