VIP Industries gained 3.99% to Rs 625.9 after the company posted a consolidated net profit of Rs 33.47 crore in Q3 FY22 as compared to a net loss of Rs 7 crore reported in Q3 FY21.
Net sales jumped 70.9% to Rs 397.34 crore in Q3 FY22 from Rs 232.53 crore posted in Q3 FY21. The company posted a pre tax profit of Rs 43.71 crore in Q3 FY22 as against a pre tax loss of Rs 8 crore registered in Q3 FY21.Operating margin stood at 7.98% in Q3 FY22 as compared to 7.24% posted in Q2 FY22. Interest service coverage ratio improved to 8.62 in Q3 FY22 from 5.82 in Q2 FY22.
VIP Industries is the leading manufacturer of hard and soft luggage in Asia.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app