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VIP Industries declines 5% on poor Q4 show
Earnings before interest, tax, depreciation, and amortization (EBITDA) was down 27 percent at Rs 39.6 crore, the margin was down 590 bps at 9.1 percent.
Shares of VIP Industries declined 5 percent intraday Tuesday after the company reported weak numbers for the quarter ended March 2019.
The company's consolidated Q4FY19 net profit was down 28 percent at Rs 25.3 crore against Rs 35 crore in a year ago period.
The revenue of the company was up 20 percent at Rs 435 crore versus Rs 362.6 crore.
Earnings before interest, tax, depreciation, and amortization (EBITDA) was down 27 percent at Rs 39.6 crore, the margin was down 590 bps at 9.1 percent.
At 13:48 hrs VIP Industries was quoting at Rs 427.05, down Rs 16.05, or 3.62 percent on the BSE.
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