VIP Industries has reported a consolidated profit after tax of Rs 10.9 crore in the second quarter of FY12, a fall of 13.5% as compared to Rs 12.6 crore in the corresponding quarter of last fiscal.
However, total revenue jumped 16.3% to Rs 174 crore from Rs 149.6 crore and EBITDA increased 1.5% to Rs 19.7 crore from Rs 19.4 crore year-on-year.
Total expenditure went up 18.4% to Rs 158.5 crore in the July-September quarter of FY12 from Rs 133.9 crore in same quarter the previous year.
Interest cost declined to Rs 30 lakh from Rs 80 lakh during the same period. Tax shot up 79% to Rs 4.3 crore from Rs 2.4 crore year-on-year.
Tax rate in the second quarter of FY12 was 28.3% as against 16% in Q2FY11.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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