VIP Industries has announced its Q2 FY25 results, showing a decline in both revenue and net profit year-on-year (YoY). The company reported a marginal revenue drop of 0.34% YoY, totaling ₹544.26 crore, down from ₹546.09 crore in the same quarter last year.
Key Highlights:
Revenue:
Quarter-on-quarter (QoQ): ₹544.26 crore vs ₹638.89 crore.
Year-on-year (YoY): ₹544.26 crore vs ₹546.09 crore, reflecting a 0.34% decline.
Net Profit:
QoQ: Loss of ₹33.05 crore, compared to a profit of ₹4.04 crore in Q1 FY25.
YoY: Loss of ₹33.05 crore, a significant drop from a profit of ₹13.28 crore in Q2 FY24, marking a 349% YoY decline.
The company’s results reflect challenges in maintaining profitability, with the net profit turning negative. Despite stable revenue, rising expenses or other operational factors have contributed to the company’s quarterly losses.
