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(BSE:507880)(NSE:VIPIND)

VIP Industries Announces Financial Results

  • Wednesday, May 21, 2014 6:16PM IST (12:46PM GMT)
Net sales up 16 percent to Rs. 972.5 crs & PAT up by 85 percent to Rs. 58.4 crs
 
Mumbai, Maharashtra, India: VIP Industries Limited announced its results for the quarter and year ended 31 March, 2014.

 

During the 4th quarter, revenue grew by 21.3 per cent at Rs. 227.5 crore (Rs.187.6 crore).

 

During the financial year 2013-14, revenue grew by 16 per cent at Rs. 972.5 crore (Rs.837.7 crore). Profit Before Tax (before exceptional item) is up by 42.8 per cent to Rs. 64.7 crore (Rs. 45.3 crore). There were exceptional gain of Rs.15.8 crore on the sale of old investments in securities and sale of property at Bhandup, Mumbai. Net profit (after exceptional item) is up by 85 per cent to Rs. 58.4 crore (Rs. 31.5 crore).

 

VIP Industries Bangladesh Private Limited, the wholly owned subsidiary of the Company, commenced commercial production at its plant at Mongla Export Processing Zone in Bangladesh during the quarter ended 31st March, 2014.

 

Dividend



The Board of Directors of VIP Industries has recommended final dividend of Rs. 1.20 per share (60%). The Company has already paid interim dividend of Rs. 0.50 per share (25%). Hence, total dividend for Financial Year will be Rs. 1.70 per share (85%) The total outflow on account of the dividend would be Rs. 28.11 crore (including corporate tax on dividend).


Click here for Media Contact Details

Poonam Bhoir, MSL GROUP, poonam.bhoir@mslgroup.com, +91-9892222383

Shawn Xavier, MSL GROUP, shawn.xavier@mslgroup.com, +91-9561432081

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