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(30 May 2024, 07:40)

Vineet Laboratories standalone net profit declines 45.92% in the March 2024 quarter

Sales decline 35.23% to Rs 37.05 crore


Net profit of Vineet Laboratories declined 45.92% to Rs 1.92 crore in the quarter ended March 2024 as against Rs 3.55 crore during the previous quarter ended March 2023. Sales declined 35.23% to Rs 37.05 crore in the quarter ended March 2024 as against Rs 57.20 crore during the previous quarter ended March 2023.

For the full year,net profit declined 17.60% to Rs 1.03 crore in the year ended March 2024 as against Rs 1.25 crore during the previous year ended March 2023. Sales declined 29.06% to Rs 150.59 crore in the year ended March 2024 as against Rs 212.29 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear Ended
 Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.
Sales37.0557.20 -35 150.59212.29 -29
OPM %9.2010.16 -4.793.61 -
PBDT2.105.47 -62 2.894.40 -34
PBT1.434.85 -71 0.372.03 -82
NP1.923.55 -46 1.031.25 -18

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