V.I.P. Industries slips into red, records a consolidated loss of ~Rs51cr in Q1FY21

The revenue from operations declines ~93% yoy to ~Rs40cr in the June quarter of FY21.

Aug 05, 2020 03:08 IST India Infoline News Service

Quarterly Results
V.I.P. Industries Ltd. announced its quarterly results on August 5, 2020. Consolidated net revenue in Q1FY21 stood at Rs40.33cr, which declined by 92.85% yoy from Rs564.18cr in Q1FY20.    

EBITDA stood at negative Rs57.84cr in Q1FY21 that decreased by 146.24% yoy. For Q1FY20, it had posted EBITDA of Rs125.08cr. EBITDA margin as of Q1FY21 was at negative 143.42% that declined by 165.59% yoy against the same quarter, the previous year.    

The consolidated net loss in Q1FY21 came in at Rs51.32cr that declined by 246.29% yoy, as compared to Q1FY20, when it had reported consolidated net profit of Rs35.08cr. The net profit margin in Q1FY21 came in at negative 127.25% that declined by 133.47% yoy. The net profit margin for Q1FY20 was at 6.22%.

The share closed at Rs268.9 with gains of 1.59% in today’s trade on BSE.

Particulars Q1FY21
(Rs in cr)
Q1FY20
(Rs in cr)
% VAR
Net Revenue 40.33 564.18 -92.85
Operating Profit/(Loss) (57.84) 125.08 -146.24
Net Profit/(Loss) (51.32) 35.08 -246.29
EBITDAM% -143.42 22.17 -165.59
PATM% -127.25 6.22 -133.47

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