V.I.P. Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 31, 2023 at 05:09 am EDT
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V.I.P. Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 5,460.9 million compared to INR 5,147.4 million a year ago. Revenue was INR 5,486.6 million compared to INR 5,200.2 million a year ago. Net income was INR 132.8 million compared to INR 434 million a year ago. Basic earnings per share from continuing operations was INR 0.94 compared to INR 3.07 a year ago. Diluted earnings per share from continuing operations was INR 0.94 compared to INR 3.06 a year ago.
For the six months, sales was INR 11,822.2 million compared to INR 11,053.5 million a year ago. Revenue was INR 11,874.3 million compared to INR 11,176.8 million a year ago. Net income was INR 710.3 million compared to INR 1,125 million a year ago. Basic earnings per share from continuing operations was INR 5.02 compared to INR 7.95 a year ago. Diluted earnings per share from continuing operations was INR 5 compared to INR 7.92 a year ago.
VIP Industries Limited is an India-based is a holding company which is a manufacturer and retailer of luggage, backpacks, and handbags. The Company's products include upright trolley cases, duffel bags, soft uprights, school bags, rucksacks, backpacks, laptop bags and daily essentials, ladiesâ handbags, vanity cases, hard suitcases, briefcases, and others. The Company's brands include VIP Bags, Carlton, Skybags, Aristocrat, Alfa and Caprese. It also manufactures plastic luggage. It supplies its products to over 45 countries. Skybags brand offers trolleys, rucksacks, backpacks, duffel bags, laptop bags and daily essentials. It has approximately eight manufacturing facilities. The Companyâs distribution channels include exclusive brand outlets (EBOs), multi-brand outlets (MBOs), large format retail, defense canteens, and e-commerce channels. Its subsidiaries include Blow Plast Retail Limited, VIP Industries Bangladesh Private Limited, and VIP Industries BD Manufacturing Private Limited.
V.I.P. INDUSTRIES LIMITED 
