V.I.P. Industries posts 33.05 crore net loss in Q2 as revenue dips slightly

V.I.P. Industries reported a consolidated net loss of Rs 33.05 crore for the second quarter, a significant drop from the Rs 13.28 crore loss in the same period last year. Revenue saw a minor decline of 0.3%, standing at Rs 544.26 crore versus Rs 546.09 crore YoY.

The company also faced an EBITDA loss of ₹2.18 crore, a stark contrast to the Rs 52.88 crore profit last year.  

Despite the weak quarterly performance, the company witnessed its highest net sales in the last five quarters, suggesting potential for a near-term recovery.