VIP Inds going nowhere
By
Ruma Dubey
about 4 years ago
VIP Inds did not have a very good Q4FY20. Impacted by Covid, it suffered a revenue loss of Rs.120 crore and PBT loss of Rs.27 crore. Even if this was added back, the revenue as well as profit comes out flat.
The company posted a 27% (YoY) decline in income from operations at Rs.317 crore and net profit came in at Rs.10 crore, a decline of 60%.
EBITDA was down 12% at Rs.37 crore and margins slipped from 12% to 10%.
This month, Rakesh Jhunjhunwala had hiked his stake in the company 5.307% from 5.106% earlier.
The stock is today among the top five losers on the BSE currently, going down over 5.5% to an intraday low at Rs.203.