Luggage maker VIP Industries Ltd on January 30 reported a consolidated net profit of Rs 7.15 crore for the December quarter of FY24, down 83.78 percent from Rs 44.10 crore in the same quarter of the previous financial year.
Total revenue came in at Rs 546.4 crore, rising 4 percent from Rs 526.4 crore in the year-ago quarter, the company said in a regulatory filing.
VIP Industries' consolidated earnings before interest, tax, depreciation and amortization (EBIDTA) were at Rs 52.3 crore down by 28 percent. The EBIDTA margin came in at 9.6 percent against 13.9 percent in the year-ago period.
The Board of Directors declared an Interim Dividend of Rs 2 per equity share for the financial year 2023-24. This dividend, representing 100 percent, will be paid on or after February 16, 2024.
Shares of VIP Industries closed 0.76 percent lower at Rs 543.45 on BSE.
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