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.
For Q3 FY25, EBITDA tumbled 43.63% to Rs 31 crore from Rs 55 crore recorded in same quarter last year. EBITDA margin slipped to 6.2% in the December 2024 quarter as against 10% reported in Q3 FY24.
VIP Industries is the leading manufacturer of hard and soft luggage in Asia.