FINANCIAL RESULTS NATIONAL
By IFAB MEDIA - NEWS BUREAU - May 8, 2023 | 25 2 minutes read
The company with multiple manufacturing units across three states reported a consolidated net profit of Rs 805 crore.
According to a press statement from Vardhman Textiles, it has reported a net profit of Rs 749 crore on a standalone basis. The top line of the company is Rs 9,841 crore, marginally higher by 5 per cent over the previous financial year. The EBITDA margin stands at 15 per cent, as against 27 per cent during the previous financial year. The turnover of the company and its subsidiaries on a consolidated basis is Rs 10,137 crore and the consolidated net profit is Rs 805 crore.
The net profit for Quarter 4 of the financial year is Rs 150 crore, which is higher by 66 per cent over the previous quarter. The top line of the company is Rs 2,428 crore, higher by 6 per cent over Quarter 3, and the EBITDA margin stands at 13 per cent, against 10 per cent for the previous quarter.
On a consolidated basis, the top line of the company has increased to Rs 2,486 crore from Rs 2,370 crore in Q3, an increase of 5 per cent. The net profits of the company for Q4 is Rs 160 crore, higher by 52 per cent over Q3.
The company’s board of directors has recommended a dividend of Rs 3.50 per share (having a face value of Rs 2), according to the press statement.
Established in 1965, the textile giant has a capacity to produce 2,40,000 MT of yarn and 180 million meters of processed (woven) fabric for apparels annually.