Q4 Results: VLL's net sales up 11.38% YoY

Vikas Lifecare Ltd (VLL) has announced its earnings for the fourth quarter of financial results 2024. In an exchange filing, the company said that its net sales surged 11.38 per cent from Rs 118.10 crore in March 2023 to Rs 131.54 crore in the fourth quarter of of the financial year 2024.

According to the company, its quarterly net loss was at Rs 1.80 crore in March 2024 up 93.3 per cent from Rs 26.88 crore in March 2023.

Also, its EBITDA stands at Rs 8.84 crore in March 2024 up 128.96 per cent from Rs 30.53 crore in March 2023.

Earlier, Vikas Lifecare's subsidiary won an order worth Rs 500 million. According to the company, the agro-product division has secured an order for rice, valued at about Rs 500 Million. Of the present orders, Rs 400 Million are attributed to premium rice varieties, while the remaining Rs 100 million represent orders for organic breeds of rice.

"The company's Agro Products Division has set an ambitious target of Rs 4,500 Million for the current F.Y., as compared to Rs 3,600 Million achieved in the preceding FY, targeting a 20+ per cent growth on YoY basis," the company said in the filing.

Earlier, the recycling player's subsidiary bagged an order worth Rs 495 million from Gujarat Gas Limited, India’s largest city gas distribution (CGD) company. 

According to an exchange filing, Genesis Gas Solutions has been awarded orders to supply 40,000 gas meters from Gujarat Gas.