Vama Industries Reports Q1 Results: Standalone Profit at ₹6.90 Crore, Consolidated Loss at ₹207.04 Crore
Vama Industries Limited announced Q1 FY24 results with contrasting standalone and consolidated performances. Standalone revenue surged to ₹367.71 crore from ₹120.54 crore year-over-year, with a net profit of ₹6.90 crore. However, consolidated results showed a net loss of ₹207.04 crore, primarily due to a ₹233.42 crore loss from its foreign subsidiary, Varna Technologies Pte Ltd. Standalone EPS stood at ₹0.01, while consolidated EPS was negative at ₹0.39.