VIP Industries on Tuesday reported over three-fold increase in consolidated net profit at Rs 20.3 crore (Rs 6.4 crore) in the fourth quarter ended March 31, 2014 on the account of exceptional income.
VIP Industries’ net sales increased by 21.5 per cent in the quarter under review at Rs 226.6 (Rs 186.5 crore). During the quarter VIP reported exceptional income of Rs 15.9 crore.
For the year 2013-14, VIP reported net profit of Rs 57.7 crore (Rs 31.5 crore).
Shares of VIP Industries closed at Rs 106.35 apiece on the BSE, up 1.82%.