India’s VIP Clothing down 6% as March-quarter profit slides

VIP Clothing

29/05/2023 11:00

** Shares of VIP Clothing Ltd  VIPC.NS  fall as much as
5.99% to 46.30 rupees
    ** Apparel firm reports slide in net profit to 20 mln rupees
($244,558.57) from 21 mln rupees Y/Y
    ** Revenue up 6% Y/Y to 516 mln rupees
    ** Trading volume is 1.11 mln shares as of 3:21 p.m. IST,
twice the 30-day avg – Refinitiv data
    Stock down 16% for the qtr vs 18% fall in Jan-Mar qtr; down
~5% so far
    

    

($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))