VIP Industries Q1 Net up 16.52% at Rs 26.8 crore

VIP Industries today reported a 16.52% increase in its standalone net profit at Rs 26.8 crore in the first quarter ended June 30, 2014.

The company had reported a net profit of Rs 23 crore in the April-June quarter of the previous year.

Net sales increased by 6.07% during the quarter under review at Rs 328.4 crore as against Rs 309.6 crore in the corresponding period a year ago, it said in a BSE filing.

Overall expenses of the company rose 5.20% to Rs 291.3 crore, as against Rs 276.9 crore a year ago.