VIP Industries Q1 PAT seen up 31.5% YoY to Rs. 71.1 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April-June’ 23) earnings estimates for the Travel & Tourism sector. The brokerage house expects VIP Industries to report net profit at Rs. 71.1 crore up 31.5% year-on-year (up 65.7% quarter-on-quarter).

Net Sales are expected to increase by 8 percent Y-o-Y (up 41.6 percent Q-o-Q) to Rs. 637.9 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.9 percent Y-o-Y (up 78.6 percent Q-o-Q) to Rs. 114.8 crore.

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