Home / Knowledge / News / Textiles / Net profit declines 27% at Vardhman Textiles in Q2FY15
Net profit declines 27% at Vardhman Textiles in Q2FY15
18
Aug '14
Although revenue rose 18.8 percent, India-based vertically integrated textile conglomerate Vardhman Textiles posted a 27 percent decline in net profit in the second fiscal quarter ending June 30, 2014.

Raw material cost which mainly impacted profit, rose massively by 36 percent to Rs 751 crore in the second quarter of 2014-15 from Rs 552 crore in the corresponding quarter of last fiscal year.

Net profit slipped to Rs 106.2 crore or 27 percent from Rs 144.5 crore in the same quarter of the prior year.

Net revenue went up 18.8 percent to Rs 1,417.6 crore in April to June 2014-15 quarter from Rs 1193.6 crore in the same quarter of 2013-14.

EBITDA or operating margin dipped over 400 basis points to 19.6 percent in the recently concluded quarter from 23.8 percent, a year earlier.

Vardhman Group, a leading textile conglomerate in India reported a turnover of Rs 5,171 crore in the fiscal year ending March 31, 2014. It has 22 manufacturing facilities, spanning across five states of India.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search