Recycling Firm Vikas Lifecare Announces Q3FY24 Results; Check Details Here

Vikas Life Care Limited has informed the stock market that its board meeting was held on Tuesday, February 13, in which the results for the third quarter of the current financial year have been approved. The profit before tax of Vikas Life Care Limited in the December quarter was Rs 3.011 crore, which was Rs 7.80 crore in the previous quarter and Rs 3.47 crore in the third quarter of the last financial year.

Vikas Life Care Limited has informed the stock market that the company's equity share on earnings in the third quarter of the current financial year was 0.03 per cent, which was 0.06 per cent in the previous quarter and 0.04 per cent in the third quarter of the last financial year.

Vikas Life Care Limited has informed the stock market that in the third quarter of the current financial year, the company's revenue from operations stood at Rs 99.27 crore, which was Rs 116.02 crore in the previous quarter and Rs 133.94 crore in the third quarter of the last financial year.

The 52-week high level of shares of Vikas Life Care Limited, with a market cap of around Rs 1040 crore, is Rs 8 while the 52-week low is Rs 2.70. From its 52-week low, the shares of Vikas Life Care Limited have given a bumper return of 200 per cent to the investors.

Vikas Lifecare has recently entered into the entertainment and hospitality business. Last week, the company acquired 50 per cent stakes in Portfolio Managing Events LLC, Dubai, UAE (PME Entertainment) valued at an enterprise value of Rs 201 crore.

Vikas Lifecare is engaged in the manufacturing and trading of polymer and rubber compounds and speciality additives for plastics, synthetic and natural rubber. The company has most recently diversified its business interests beyond raw materials and forayed into the B2C segment.