Vikas Lifecare Announced Q4 Results; Check Performance Here

Vikas Life Care Limited has said that the company's operating income in the fourth quarter of the last financial year was Rs 122.5 crores, which was Rs 116.5 crores in the previous quarter and Rs 95.12 crores in the fourth quarter of the last financial year. The company's profit before tax was Rs 3.5 crores in the fourth quarter of the last financial year, which was Rs 34.04 crores in the previous quarter and Rs 2.1 crores in the fourth quarter of the last financial year.

Vikas Life Care Limited has informed the stock market that its net profit in the fourth quarter of the last financial year was Rs 1.81 crores, which was Rs 25.96 crores in the previous quarter and Rs 2.97 crores in the fourth quarter of the last financial year.

On Wednesday, during the volatile trading of the stock market, the shares of Vikas Life Care Limited registered a rise of one percent and the shares of the company with a market cap of about Rs 892 crore closed at the level of Rs 5.05. Vikas Life Care Limited is a small cap company whose shares have a 52-week high of Rs 8 while the 52-week low is Rs 2.80.

Vikas Life Care Limited's shares have been weak for the last few days but in the last 6 months, it has given a return of 2 percent to the investors. In the last 1 year, Vikas Life Care Limited's shares have given a return of 71 percent to the investors from the level of Rs 2.95. Vikas Life Care Limited has informed the stock market that its Board of Directors has approved the results of the last financial year on Wednesday, May 29.

Recently, Vikas Life Care Limited has informed the stock market that the company has sent a plan to its independent director to buy 100% equity in Ebix. Initially, 5% of the purchase amount has to be deposited in cash. If this acquisition is successful, then it can be implemented under Chapter 11 of the Reorganization Plan. Under this plan, negotiations are to be done between Iraya, Ebix and other major shareholders. This acquisition can be done under the guidelines of the US Bankruptcy Code.

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.