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VLS Finance Standalone September 2024 Net Sales at Rs 74.24 crore, down 6.28% Y-o-Y

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VLS Finance reported a decline in its standalone net sales for September 2024, with figures coming in at Rs 74.24 crore, marking a year-over-year decrease of 6.28%. The company's quarterly net profit also saw a significant drop, falling by 78.75% to Rs 1.06 crore compared to the same quarter in the previous year. Additionally, the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at Rs 1.59 crore, down by 76.32% from the previous year. Despite these declines, VLS Finance's selling, general, and administrative expenses were reduced by 10.77% to Rs 1.09 crore. The company's operating income also decreased by 76.32% to Rs 1.59 crore. These financial results reflect a challenging quarter for VLS Finance amidst broader market conditions.

Read the Full moneycontrol.com Article at [ https://www.moneycontrol.com/news/business/earnings/vls-finance-standalone-september-2024-net-sales-at-rs-74-24-crore-down-6-28-y-o-y-12876057.html ]