V I P Industries disclosed a sharp drop in standalone net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 15.84% to Rs 85.00 million from Rs 101.00 million in the same quarter previous year.
Net sales for the quarter rose 7.20% to Rs 2,530.00 million, compared with Rs 2,360 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.60, registering 14.29% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 14 | Dec - 13 | %Change |
| Net Sales | 2,530.00 | 2,360.00 | 7.20 |
| Net Profit | 85.00 | 101.00 | (15.84) |
| Basic EPS | 0.60 | 0.70 | (14.29) |
Shares of the company declined Rs 4.6, or 3.66%, to trade at Rs 121.10. The total volume of shares traded was 277,802 at the BSE (2.06 p.m., Thursday).
