VIP Industries Q4FY19 PAT down 28%; stock falls 3%

The company’s revenue from operations increased by 20% to Rs435cr against Rs362.6cr in the corresponding period last fiscal.

May 07, 2019 09:05 IST India Infoline News Service

VIP Industries
VIP Industries has reported a decline of 28% in net profit at Rs25.3cr for Q4FY19 as against Rs35cr in the year-ago period. The company’s revenue from operations increased by 20% to Rs435cr against Rs362.6cr in the corresponding period last fiscal.

The Board of Directors in its meeting held today, have recommended for the approval of members a final Dividend of Rs2 (100%) per equity share of Rs2 each for the financial year 2018-19.

The company had paid an Interim dividend of Rs1.20 (60%) per equity share of Rs2 each for the financial year 2018-19 in February 2019. Accordingly, the total Dividend declared by the company for the financial year 2018-19 is Rs3.20 (160%) per equity share of Rs2 each.

VIP Industries Ltd is currently trading at Rs430, down by Rs13.1 or 2.96% from its previous closing of Rs443.10 on the BSE.

The scrip opened at Rs444.90 and has touched a high and low of Rs453.50 and Rs420.45 respectively.

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