Vakrangee reports 33% fall in Q4 consolidated net profit
21st Jun 2021

Vakrangee has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a fall of 37.33% in its net profit at Rs 17.71 crore for the quarter under review as compared to Rs 28.26 crore for the same quarter in the previous year. Total income of the company decreased by 53.46% at Rs 96.72 crore for Q4FY21 as compared Rs 207.82 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 33.30% in its net profit at Rs 20.79 crore for the quarter under review as compared to Rs 31.17 crore for the same quarter in the previous year. Total income of the company decreased by 46.65% at Rs 119.50 crore for Q4FY21 as compared Rs 223.99 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 20.40% in its net profit at Rs 51.36 crore as compared to Rs 64.52 crore for the previous year. Total income of the company decreased by 57.73% at Rs 295.59 crore for year under review as compared to Rs 699.35 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 11.91% in its net profit at Rs 62.79 crore as compared to Rs 71.28 crore for the previous year. Total income of the company decreased by 49.66% at Rs 383.95 crore for year under review as compared to Rs 762.70 crore for year ended March 31, 2020.