Mumbai, Jan. 29 -- Revenue from operations declined 8.29% year on year (YoY) to Rs 503.54 crore in the quarter ended 31 December 2024.

Total expenses fell 2.92% YoY to Rs 520.23 crore during the quarter. Employee benefit expenses were at Rs 54.34 crore (down 21.25% YoY). The cost of material consumed stood at Rs 152.03 crore (down 15.33% YoY).

The firm reported a pre-tax loss of Rs 16.69 crore in the third quarter of FY25, as against a profit before tax of Rs 13.19 crore posted in the corresponding quarter last year.

VIP Industries is the leading manufacturer of hard and soft luggage in Asia.

Published by HT Digital Content Services with permission from Capital Market....