VIP Industries: PAT declines 11.4 per cent in Q3FY19
VIP Industries reported its results for the quarter ended December 31, 2018 on Friday during market hours.
The company's consolidated revenue for the quarter came in at Rs. 430.09 crore as against Rs. 337.99 crore in the corresponding quarter last year, registering 27.2 per cent yoy increase.
The EBITDA for the quarter fell by 8.2 per cent yoy to Rs. 37.81 crore as against Rs. 41.17 crore in the corresponding quarter last year, with a corresponding margin contraction of 339 bps. EBITDA margin for the quarter stood at 8.8 per cent.
The PAT for the quarter came in at Rs. 23.83 crore as against Rs. 26.89 crore in the corresponding quarter last year, yoy decline of 11.4 per cent. This was due to higher employee benefit expenses and depreciation expenses.
The company's board has approved an interim dividend of Rs. 1.20 per equity share with face value of Rs. 2 per share for FY19. The interim dividend shall be paid on or after February 22, 2019.
On Friday, the stock of VIP Industries opened at Rs. 512.05 per share. Post the results, the stock declined by 6.9 per cent to make an intra-day low of Rs. 479.35. It closed at Rs. 490 on BSE.