BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
The Covid-19 pandemic continues to have a grievous impact on the global travel industry and retail environment.
Revenues in Q2 FY21 de-grew 75% YoY to Rs 102.8 crore. However, VIP Industries Ltd. was able to materially reduce operating overheads by 60% (employee, other expenses down 49%, 66% YoY, respectively), which curtailed Ebitda losses.
Ebitda losses narrowed down QoQ to Rs 22.1 crore (Q1 FY21 Rs 57.8 crore).
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