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.

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