Vimta Labs Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 31, 2024 at 03:21 am EST
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Vimta Labs Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 816.79 million compared to INR 773.84 million a year ago. Revenue was INR 825.74 million compared to INR 785.08 million a year ago. Net income was INR 101.32 million compared to INR 102.41 million a year ago. Basic earnings per share from continuing operations was INR 4.57 compared to INR 4.62 a year ago. Diluted earnings per share from continuing operations was INR 4.5 compared to INR 4.51 a year ago.
For the nine months, sales was INR 2,385.73 million compared to INR 2,363.7 million a year ago. Revenue was INR 2,420.92 million compared to INR 2,391.47 million a year ago. Net income was INR 286.58 million compared to INR 354.89 million a year ago. Basic earnings per share from continuing operations was INR 12.93 compared to INR 16.04 a year ago. Diluted earnings per share from continuing operations was INR 12.73 compared to INR 15.71 a year ago.
Vimta Labs Limited is engaged in the business of contract research and testing organization. The Company is engaged in providing a range of services to biopharmaceutical, food, consumer goods, electronic, electrical, agrochemical, healthcare, medical device, power, cement, oil and gas, ores and minerals, infrastructure and many other industries, government organizations as well as other industry participants. Its services include Drug discovery, development, and drug life cycle management support services; Preclinical research and testing services for medical device companies; Contract research and testing for agrochemical and specialty chemical companies; and Food testing and analytical development services to support manufacturers, processors, farmers, and retailers; Clinical diagnostics services to patients, clinicians, and hospitals, and environmental regulatory services such as impact assessments and post project monitoring, to various industries, such as power and infrastructure.
VIMTA LABS LIMITED 
