V.I.P.INDUSTRIES LTD.-$ - 507880 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Please find enclosed herewith transcript of the Earnings Conference Call held on 9th May, 2023 on the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March, 2023. The same is also available on the Company's website https://vipindustries.co.in/investor/investor_con_call_transcript Kindly take the same on record. V.I.P.INDUSTRIES LTD.-$ - 507880 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We wish to inform you that Link In-time India Private Limited, Registrar and Share Transfer Agent of the Company has received intimation about loss of share certificate from shareholder as per the details provided in the documents enclosed herewith. The duplicate share certificates will be issued only after completion of necessary formalities and receipt of relevant documents from the shareholder. We request you to take the above information on record. V.I.P.INDUSTRIES LTD.-$ - 507880 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In continuation of our letter dated 3rd May, 2023 and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the conference call held on 9th May, 2023, for the Audited Financial Results (Consolidated and Standalone) of the Company for the year ended 31st March, 2023, has been made available on the Company's website. Kindly take the same on record. V.I.P.INDUSTRIES LTD.-$ - 507880 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We wish to inform you that Link In-time India Private Limited, Registrar and Share Transfer Agent of the Company has received intimation about loss of share certificate from shareholder as per the details provided in the documents enclosed herewith. The duplicate share certificates will be issued only after completion of necessary formalities and receipt of relevant documents from the shareholder. We request you to take the above information on record. V.I.P.INDUSTRIES LTD.-$ - 507880 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47(1)(b) read with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, we hereby enclose copies of newspaper advertisement pertaining to the Audited Financial Results for the quarter and year ended 31st March, 2023, published today i.e., 9th May, 2023, in the following newspapers: 1. Business Standard, English 2. Navshakti, Marathi Kindly take the same on your record and display the same on the website of the Stock Exchange. V.I.P.INDUSTRIES LTD.-$ - 507880 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith presentation being made by the Company to the analysts/ institutional investors. Kindly take the same on record. V.I.P.INDUSTRIES LTD.-$ - 507880 - Announcement under Regulation 30 (LODR)-Change in Management
This is to inform you that the Board of Directors of the Company at its meeting held today i.e. 8th May, 2023 has approved appointment of Mahajan & Aibara Chartered Accountants LLP, as the Internal Auditor of the Company for financial year 2023-24 consequent upon expiry of term of appointment of current internal auditors - Suresh Surana & Associates LLP, Chartered Accountants. The details of the appointment of Mahajan & Aibara Chartered Accountants LLP, along with their profile etc. are attached as enclosed herewith in Annexure-A. Please take the above on your record and disseminate the same for the information of investors.
VIP Industries posts net loss of Rs 4.26 crore in Q4; revenue up 26.6%
Luggage maker VIP Industries Ltd on Monday reported a consolidated net loss of 4.26 crore for the fourth quarter ended March 2023, impacted by an exceptional loss. The company had posted a net profit of Rs 12.39 crore in the January-March quarter a year ago, VIP Industries Ltd (VIL) said in a BSE filing. However, its revenue from operations increased 26.6 per cent to Rs 450.57 crore during the quarter under review against Rs 355.90 crore in the year-ago period. During the quarter, VIL reported a loss of Rs 47.21 as an exception item. This was related to a loss of property, plant and equipment and inventories that were destroyed due to a major fire at a plant of the company's subsidiary in Bangladesh on January 31, 2023. VIL's profit before exceptional items stood at Rs 40.79 crore. This is "reflective of enhanced cost efficiencies across the value chain and strategic shift to in-house manufacturing coupled with softening trend on input costs," said VIL Managing Director Anindya .. Q4FY23 Quarterly & FY23 Annual Result Announced for VIP Industries Ltd.
Apparels & accessories company VIP Industries announced Q4FY23 & FY23 results: Q4FY23: Net sales at Rs 451 crore, up 27% Gross margins have improved to 58.3% from 54% during Q4FY22, up 430 bps EBITDA margin improved 450 bps at 15.1% from 10.6%; EBITDA at Rs 69 crore, up 79% Profit before exceptional items at Rs 41 crore, up 154% FY23: Net sales at Rs 2,082 crore, up 61% EBITDA margin improved 220 bps at 15.8% from 13.6%; EBITDA at Rs 331 crore, up 83% Profit before exceptional items at Rs 229 crore, up by 165% Profit after tax at Rs 152 crore in FY23 as compared to Rs 67 crore in FY22 - growth of 128% YoY Speaking on the performance, Anindya Dutta, Managing Director, VIP Industries, commented, "I am pleased to announce that VIP Industries has delivered a robust performance for the fourth quarter and financial year of 2023. The company achieved a growth rate of 61% in FY23 as compared to FY22, backed by strategic investments and expansion executions. We have also enhanced our gross margins despite an increase in value segment salience to 38% from a base of 25%, and sharp input cost inflation witnessed in the first half of the year. The Q4 GM of 58% is reflective of enhanced cost efficiencies across the value chain and a strategic shift to in-house manufacturing coupled with softening trend on input costs. Our journey towards enhancing our own manufacturing has progressed well during the year. We have deployed approx Rs 100 crore capex investment in creating technically superior factories both in India and Bangladesh and in line with our growth plans, we will invest Rs 200 crore in FY24 to further expand our manufacturing capacities. We are poised well for continued accelerated growth going forward with a focus on innovations, investment behind our power brands, and increasing accessibility. The ramp-up of our retail footprint has started to yield very good results, we are on track to achieve approximately 800 exclusive brand outlets (EBOs) by the end of FY24. Moving forward, our focus will be on expanding our store presence in tier-II cities and beyond. With our extensive reach, we currently have the highest penetration across almost 1,200 towns in the country. As part of our growth strategy, we aim to be present in every town with a population of over 50,000 by the middle of the next financial year. In FY24, we will also focus on building strong foundations in future growth areas of expansion in international markets and in women’s fashion accessories through the brand Caprese. With our diversified product portfolio, we aim to establish each of our brands as a leader in their respective categories given their unique propositions. We remain committed to our vision of being a dominant leader in the luggage and travel gear industry, striking a healthy balance between market share, and margins and ensuring sustainable value creation for our stakeholders." Result PDF
