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Dec, 26 2018

Shares of Vadilal Industries fall 15% in early trade

The company has reported a consolidated net profit after tax of Rs 9.99 crore for the quarter ended September 2018.

Vadilal Industries shares have plunged nearly 15% in early trade after the company informed bourses that the audit committee and board of directors have not been able to conclude on certain matters and hence limited review related agenda item has been delayed. 

The company has reported a consolidated net profit after tax of Rs 9.99 crore for the quarter ended September 2018. It posted a net loss of Rs 0.50 crore in the corresponding quarter last year. Total income of Vadilal Industries increased to Rs 136.47 crore in Q2FY19 over Rs 112.62 crore in Q2FY18. 

The company is engaged in the business of manufacturing ice cream and flavoured milk, and processing and exporting processed food products, like canned pulp.

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