Profit companies

Vardhman Textiles Q1 reports net profit of 4.13% at Rs 313.35 crore

Vardhman Textiles Limited on Saturday announced a net profit of Rs 313.35 crore for the quarter ending June 30, 2022 (Q1FY23) compared to Rs 300.92 crore in the corresponding quarter of the previous year, an increase of 4, 13%, on a stand-alone basis.

The revenue of the company is Rs 2,731 crore, which is higher by 44.25% compared to the corresponding quarter of the previous financial year. The EBIDTA margin for the first quarter of the 2022-23 financial year amounts to 19.36% compared to 26.55% during the corresponding quarter of the previous financial year.

The Company’s consolidated net profit for the first quarter of FY23 was Rs 332.55 crore compared to Rs 316.94 crore in the corresponding quarter of last year, an increase of 4.93% . Revenue, on a consolidated basis, was Rs 2,811.83 crore for the first quarter, which was 45.92% higher than the corresponding quarter of the previous year.

In the 2021-22 financial year, the company reported net profit of Rs 1,677.44 crore compared to Rs 366.74 crore on a stand-alone basis.

The company’s net profit for Q4FY22 was Rs 322.68 crore, which was 44.75% lower than Q3 but 43.98% higher than Q4 last year.

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor