Q3 Results: VIP Industries has released its third quarter (Q3) results for the current financial year. In this, the company has registered a huge decline compared to last year. The company has suffered a loss of ₹ 12.4 crores this year compared to a profit of ₹ 7.2 crores.
The company's earnings also declined to ₹501 crore, from ₹546.4 crore last year. EBITDA also saw a big decline, falling from ₹52.3 crore to ₹28.5 crore. With this, the EBITDA margin has also declined from 9.6% to 5.7%. It
is clear from these figures that VIP Industries has faced challenging conditions at the operational level in the current quarter. The company will need to take strategic steps to deal with these challenges going forward. EXIDE Q3 Quarterly Results Battery business company EXIDE has announced the third quarter results for the current financial year. The company said that their profits have increased. The company's profit has increased from 240.3 crores to Rs 245 crore annually. Talking about the company's earnings, it has increased from 3,840.5 crores to Rs 3,848.6 crores. The company has also registered an increase in EBITDA. The company's EBITDA has increased from Rs 440 crore to Rs 448.5 crore. The EBITDA margin has increased from 11.5% to 11.7%. MGL Q3 results Mahanagar Gas Limited has also announced the third quarter results for the financial year. The company has informed the exchange that its profits have declined. On a quarter-on-quarter basis, the company's profit has come down from Rs 282 crore to Rs 225.4 crore. Talking about earnings, it has increased from Rs 1,712 crore to Rs 1,757.6 crore. The company's EBITDA has come down from Rs 399 crore to Rs 314.4 crore. The EBITDA margin has come down from 23.3% to 17.9%. These figures of the company are on a quarter-on-quarter basis.