VIP Industries Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 25, 2018 at 12:22 pm IST
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VIP Industries Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on standalone basis, the company reported total revenue was INR 3,399.2 million against INR 3,130.4 million a year ago. Profit before tax was INR 360.2 million compared to INR 237.2 million for the same period a year ago. Profit for the period was INR 240.8 million or INR 1.70 per basic and diluted share against INR 158.2 million or INR 1.12 per basic and diluted share a year ago.
For the nine months, on standalone basis, the company reported total revenue was INR 10,618.6 million against INR 9,766.2 million a year ago. Profit before tax was INR 1,294.4 million compared to INR 920.6 million for the same period a year ago. Profit for the period was INR 861.6 million or INR 6.10 per basic and diluted share against INR 609.3 million or INR 4.31 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company reported total revenue was INR 3,399.2 million against INR 3,119.4 million a year ago. Profit before tax was INR 395.9 million compared to INR 237.4 million for the same period a year ago. Profit for the period was INR 268.9 million or INR 1.90 per basic and diluted share against INR 159.6 million or INR 1.13 per basic and diluted share a year ago.
For the nine months, on consolidated basis, the company reported was INR 10,607.7 million against INR 9,755.2 million a year ago. Profit before tax was INR 1,364.8 million compared to INR 973.5 million for the same period a year ago. Profit for the period was INR 917.0 million or INR 6.49 per basic and diluted share against INR 660.7 million or INR 4.68 per basic and diluted share a year ago.
VIP Industries Limited is an India-based luggage manufacturer and supplier. The Company offers a range of products in hard luggage and soft luggage segments including school bags, trolleys, backpacks, suitcases, executive cases, duffels, overnight travel solutions, and handbags. The Company operates through one segment, which is Manufacturing and marketing of luggage and bags. Its array of products caters to consumer needs in all significant product categories at pricing range across value, mid, and premium price points through a brand portfolio, including names like VIP, Skybags, Carlton, Aristrocrat, Alfa, and Caprese. Skybags brand offers trolleys, rucksacks, backpacks, duffel bags, laptop bags and daily essentials made from hallmark quality material and components. Its distribution network provides access to VIP luggage anywhere in India via approximately 11,000 points of sale across exclusive stores, multi-brand stores, large format retail, defense canteens and e-commerce.