IVP standalone net profit declines 44.50% in the March 2024 quarter

Sales decline 18.93% to Rs 142.23 crore

Net profit of IVP declined 44.50% to Rs 4.74 crore in the quarter ended March 2024 as against Rs 8.54 crore during the previous quarter ended March 2023. Sales declined 18.93% to Rs 142.23 crore in the quarter ended March 2024 as against Rs 175.45 crore during the previous quarter ended March 2023.

For the full year,net profit declined 56.17% to Rs 12.28 crore in the year ended March 2024 as against Rs 28.02 crore during the previous year ended March 2023. Sales declined 17.38% to Rs 546.10 crore in the year ended March 2024 as against Rs 660.95 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales142.23175.45 -19 546.10660.95 -17 OPM %6.218.45 -5.106.00 - PBDT7.8112.71 -39 22.1730.25 -27 PBT6.4111.42 -44 16.6325.05 -34 NP4.748.54 -44 12.2828.02 -56

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