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Textile manufacturer Vardhman Textiles’ net profit climbs 44%

Vardhman Textiles

Indian textile manufacturer Vardhman Textiles Limited’ revenue increased by 4.9 percent year over year and 2.6 percent quarter over quarter to Rs. 1,729 crore.

Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) stood at Rs. 307 crore, up 36.2 percent year over year and quarter over quarter 7.2 percent qoq.



EBITDA margin increased by 407 bps year over year and contracted by 188  bps quarter over quarter to 17.76 percent.

Adjusted profit after tax increased by 44.5 percent year over year to Rs. 179 crore. However, it dipped 0.3 percent quarter over quarter to Rs. 196 crore.

Revenue from acrylic fibre and textile business soared 11.5 percent year over year and 4.6 percent year over year to Rs. 96 crore and Rs. 1,658 crore, respectively.

Other expenses of the textile company came down to 12 percent from 12.2 percent last year.

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