VIP Industries has reported results for fourth quarter and year ended March 31, 2022.
The company has reported net profit of Rs 9.07 crore for the quarter under review as compared to net loss of Rs 11.89 crore for the same quarter in the previous year. Total income of the company increased by 36.50% at Rs 351.69 crore for Q4FY22 as compared Rs 257.64 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit of Rs 12.39 crore for the quarter under review as compared to net loss of Rs 3.78 crore for the same quarter in the previous year. Total income of the company increased by 39.50% at Rs 361.73 crore for Q4FY22 as compared Rs 259.30 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported net profit of Rs 63.73 crore as compared to net loss of Rs 84.53 crore for the previous year. Total income of the company increased by 93.97% at Rs 1,304.58 crore for year under review as compared to Rs 672.58 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported net profit of Rs 66.93 crore as compared to net loss of Rs 97.49 crore for the previous year. Total income of the company increased by 98.81% at Rs 1,325.87 crore for year under review as compared to Rs 666.91 crore for year ended March 31, 2021.
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