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IVP Ltd Q1FY24; 66% fall in Profits

IVP Ltd is engaged in the business of Organic and inorganic chemicals.
It was originally a part of the Tata group but later got acquired by the Allana group of which is is an integral part today.

Financial Results:

  • IVP Ltd reported Revenues for Q1FY24 of ₹139.58 Crores down from ₹162.17 Crore year on year, a fall of 13.93%.
  • Total Expenses for Q1FY24 of ₹138.66 Crores down from ₹158.09 Crores year on year, a fall of 12.29%.
  • Consolidated Net Profit of ₹1.19 Crores down 66.0% from ₹3.50 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.15, down 66.08% from ₹3.39 in the same quarter of the previous year.
Tags: Chemicals
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