India's VIP Clothing jumps most in over 4 months on Q3 profit

VIP Clothing

10/02/2023 07:06

** Shares of VIP Clothing Ltd  VIPC.NS  rise as much as 7.07% to 46.20
rupees, their biggest intraday pct gain since Sept. 21, 2022
    ** The Indian innerwear-maker brand on Thursday reported a profit of 50.9
mln rupees ($616,596.00) in December quarter, versus a loss of 24.1 mln rupees a
year ago  urn:newsml:reuters.com:*:nFWN34P2SU
    ** While income from operations fell 11.5% to 437.2 mln rupees YOY, co said
it made a one-off gain of 61.3 million rupees from the sale of leasehold land,
building and plant and machinery at Valsad, Gujarat
    ** More than 200,000 shares change hands by 12:32 p.m. IST, 0.6x the 30-day
avg
    ** Stock up ~111% in 2022
    ($1 = 82.5500 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))