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Vaibhav Global Ltd Q1FY24; 50% rise in Profits

Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world – the US and UK.

Financial Results:

Vaibhav Global Ltd reported Revenues for Q1FY24 of ₹658.00 Crores up from ₹628.00 Crore year on year, a rise of 4.78%.

Total Expenses for Q1FY24 of ₹625.00 Crores up from ₹605.00 Crores year on year, a rise of 3.31%.

Consolidated Net Profit of ₹30.00 Crores up 50.0% from ₹20.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.80, up 51.26% from ₹1.19 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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