City
Epaper

MaxVIL's Q4 net profit surges to Rs 33.6 crore

By IANS | Updated: June 11, 2021 21:35 IST

New Delhi, June 11 Max Ventures & Industries Ltd (MaxVIL) has reported a multi-fold rise in its consolidated ...

Open in App

New Delhi, June 11 Max Ventures & Industries Ltd (MaxVIL) has reported a multi-fold rise in its consolidated net profit for the January-March quarter at Rs 33.6 crore.

A company statement said that its consolidated revenue rose 30 per cent to Rs 328.6 crore.

In FY21, its revenue in FY21 grew 14 per cent to Rs 1,172.3 crore, while its PAT rose over 6 times to Rs 57.1 crore on adjusted basis.

The company operates two core businesses - real estate and specialty packaging films.

It continued to witness strong business momentum in the specialty films business, recording its highest ever revenue for the quarter as well as for the year.

Leasing revenue in commercial real estate business continued to build up throughout the year, except for March 2021 where new lease transactions were temporarily deferred due to the second Covid wave induced lockdown, it said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Isuzu Motors Ltd.
Open in App

International Realted Stories

InternationalYoung Manipuris embrace traditional martial art Thang-Ta

InternationalIran Blast: Over 280 Injured After Container Explosion at Bandar Abbas Port; Horrific Video Surfaces Online

InternationalNepal: PM Oli and Deuba rule out any possibility of government change

InternationalPak Defence Minister warns of 'all-out war' if India attacks amid escalating tensions

InternationalPope Francis' funeral concludes at St Peter's Basilica, his coffin moves out of Vatican