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V I P Industries Ltd Q2FY24; 70% fall in Profits

VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories.

Financial Results:

V I P Industries Ltd reported Revenues for Q2FY24 of ₹546.00 Crores up from ₹515.00 Crore year on year, a rise of 6.02%.

Total Expenses for Q2FY24 of ₹529.00 Crores up from ₹468.00 Crores year on year, a rise of 13.03%.

Consolidated Net Profit of ₹13.00 Crores down 69.77% from ₹43.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.94, down 69.38% from ₹3.07 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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