Penny Stock Vikas Lifecare Announces June-Quarter Results, Promoters Stake Rises In Q1

Vikas Lifecare, a specialty chemicals provider, has reported a PAT of Rs 1331 lakh on a standalone basis for the quarter ended June 30, 2023.

The company had clocked a net profit of Rs 233.6 lakh in the year-ago period.

On a consolidated basis, Vikas Lifecare reported a net profit of Rs 1,169 lakh in the quarter.

The revenue from operations came in at Rs 9,479.16 lakh in the quarter as compared to Rs 8,680.09 lakh in the quarter that ended June 30, 2022, the company said in an exchange filing.

The total income of the company was Rs 10,630.58 lakh in the quarter while the same was Rs 8,887.21 in the year-ago period.

The company incurred total expenses of Rs 9,177.8 lakh in the reporting quarter. Earning per equity share in the quarter was Rs 0.09.

For the whole year ended March 31, 2023, Vikas Lifecare's total income stood at Rs 43,440.7 lakh, the company's filing showed.

On Friday, the shares of Vikas Lifecare Ltd closed on the BSE at Rs 3.11 apiece down by 1.89% from the previous close of Rs 3.17. The stock made a 52-week-high of Rs 5.54 on (23/08/2022) and a 52-week-low of Rs 2.66 on (24/05/2023).

During Q1FY24, the company reported promoters shareholding of 11.40%, FIIs stake of 0.02%, and public stake of 88.59%.

According to Trendlyne statistics, promoter holdings in Vikas Lifecare climbed from 11.36% in the March 2023 quarter to 11.40% in the June 2023 quarter, while FII/FPI holdings declined from 0.33% in the Q4FY23 quarter to 0.02% in the Q1FY24 quarter and institutional investors' holdings dropped from 0.33% to 0.02%.