Vikas Lifecare incur a standalone net loss of ₹25.96 crore in the fourth quarter ended March 2023.
The company had reported a net profit of ₹8.02 crore in the same quarter a year earlier. Total income dropped to ₹84.15 crore from ₹131.8 crore.
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Net loss for FY23 stood at ₹15.36 crore against profit of ₹27.92 crore in the previous year. Total income grew to ₹434.4 crore against ₹338.56 crore.
Vikas Lifecare Limited (formerly Vikas Multicorp Limited) provides specialty chemicals. The company offers polymers and polymer additive related chemicals. Vikas Lifecare serves customers in India.