MaxVIL net profit jumps three-fold at Rs 46 cr for Q1FY22
Noida: Max Ventures & Industries Ltd’s (MaxVIL) net profit jumped more than three-fold at Rs 46 crore for the first quarter of the ongoing fiscal as compared to a net profit of Rs 13 crore in the same quarter of the previous fiscal.
The company’s total income jumped 48 percent at Rs 389 crore as compared to Rs 263 crore in the same quarter of the previous fiscal. Total expenses of the company jumped 34 percent at Rs 321 crore as against Rs 240 crore earlier.
The revenues from real estate division jumped nearly three-fold at Rs 14 crore from Rs 4.69 crore.
"Q1FY22 proved to be yet another record quarterly performance for our packaging films business posting its highest ever quarterly revenue & EBITDA," said MaxVIL MD and CEO Sahil Vachani.