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VIP Industries Q1 Review - Result Beat; Green Shoots Ahead: IDBI Capital

VIP Industries Ltd. reported better than expected revenue and Ebitda in Q1 FY22.

Revenue increased 411% YoY to Rs 2,062 million but fell 15.1% QoQ (Safari Industries India Ltd. reported only 9% QoQ fall in sales).

Interestingly, its gross margin improved to 60% from 47% in Q4 FY21 as it procured nearly 90% of luggage from its captive Bangladesh plants.

As per VIP Industries' management, the gross margin is sustainable.

Q1 FY22 Ebitda jumped up nearly three times QoQ to Rs 129 million and it reported net profit of Rs 25 million
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Qoq Safari Industries India Ltd , Industries Ltd , Safari Industries India , Vip Industries Ltd , தொழில்கள் லிமிடெட் , சஃபாரி தொழில்கள் இந்தியா ,

Safari Industries India Limited approves issue of CCDs to Investcorp Private Equity Fund II


Safari Industries India Limited approves issue of CCDs to Investcorp Private Equity Fund II
Posted On:
2021-02-23 02:31:35
(Time Zone: Arizona, USA)
The board of directors ( Board ) of Safari Industries (India) Limited ( Company ), at their meeting held today at 10:30 a.m. considered and approved the issue of 13,15,790 Compulsorily Convertible Debentures ( CCDs ) of Rs. 570 each aggregating to Rs. 75,00,00,300/- (Rupees Seventy Five Crore Three Hundred only) convertible in 13,15,790 equity shares of Rs. 2/- each at a price of Rs. 570/- per share inclusive of premium of Rs. 568/- per share) on preferential basis to Investcorp Private Equity Fund II ( Investor ), subject to shareholders approval. Post conversion of CCDs into equity shares, the shareholding of the Investor will be 13,15,790 equity shares representing 5.55% of the paid up share capital. ....

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