V.I.P. Industries saw its shares fall by 4% after the company posted a consolidated net loss of ₹33.05 crore for the second quarter, a sharp contrast to the ₹13.28 crore profit recorded in the same period last year. Revenue remained largely flat, with a slight decline of 0.3% to ₹544.26 crore compared to ₹546.09 crore year-on-year.
The company also reported an EBITDA loss of ₹2.18 crore, compared to an EBITDA profit of ₹52.88 crore last year, highlighting the challenging quarter.
Despite the weak results, V.I.P. Industries noted its highest net sales in the last five quarters, indicating potential for a near-term recovery.
As of 9:35 am, the shares were trading 3.43% lower at ₹490.65 on NSE.
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