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Tuesday, 26 July 2022

Indian textile conglomerate Vardhman Textiles’ top line up by 44.25% in Q1, FY ’23

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Several companies have started coming out with their first quarter results of the current fiscal – importantly, textile companies too have been showing reasonably good results in this quarter.

Vardhman Textiles Limited, the Ludhiana-based leading textile conglomerate,has also declared its un-audited financial results for the first quarter of  FY ’23.

As per a statement issued by the company,its net profit was Rs. 313.35 crore for Q1, FY ’23 as against Rs. 300.92 crore in the corresponding quarter of previous year 2021-22,at an increase of 4.13 per cent, on standalone basis.

Similarly, the top line of the company was Rs. 2,731.01 crore in Q1,FY ’23 which is 44.25 per cent higher over the corresponding quarter of the previous fiscal.

The earnings before interest, depreciation, taxes and amortization (EBIDTA) margin for the Q1, FY ’23 stands at 19.36 per cent as against 26.55 per cent during the corresponding quarter of the previous FY.

Offering a variety of yarns and fabrics, Vardhman Textiles is also expanding its product capacity

Source :https://in.apparelresources.com/