Q3FY17 Results : VIP Industries
Bhagyashree Vivarekar / 14 Feb 2017
The company reported a PAT figure of Rs 15.53 crore, which represents a sequential QoQ decline of 15.09 per cent and a YoY increase of 49.04 per cent.
VIP Industries Ltd. reported its results for the quarter ended on December 31, 2016.
The total sales for this quarter, Q3FY17, came in at Rs 307.39 crore. This represents a 7.69 per cent sequential increase and 5.52 per cent YoY increase.
Its operating profit (EBIT) for the recently concluded quarter amounted to Rs 22.69 crore and the EBIT margin stood at 7.38 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs 15.53 crore, which represents a sequential QoQ decline of 15.09 per cent and a YoY increase of 49.04 per cent.
The company's stock which opened for trading at Rs 145 on the BSE, has risen by 4.32 per cent after the results were declared and is currently trading around Rs 145 mark.
VIP Industries Limited is a India-based travel baggage production company. The Company operates only in luggage business. The products manufactured by the Company include plastic moulded luggage and soft luggage. The Company's portfolio includes VIP, Carlton, Delsey, Footloose, Alfa, Aristocrat, Buddy and Skybags.
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