SVP Global Ventures Ltd, an Indian diversified cotton yarn manufacturer, has announced that the company has received approval for direct listings of its equity shares on the National Stock Exchange (NSE) effective from July 14, 2021, under the scrip id “SVPGLOB”. The company’s modern and automated manufacturing units are situated in Oman and India.
SVP Global Ventures Ltd, an Indian diversified cotton yarn manufacturer, has announced that the company has received approval for direct listings of its equity shares on the National Stock Exchange (NSE) effective from July 14, 2021, under the scrip id “SVPGLOB”. The company's modern and automated manufacturing units are situated in Oman and India.#
Earlier this month, SVP reported a significant revenue growth of 77.8 per cent to ₹571.1 crores in its fourth quarter (Q4) of FY21 against ₹321.3 crores in the corresponding period of prior fiscal. EBITDA for the quarter ended on March 31, 2021, surged 41 per cent to ₹93.6 crores (₹66.2 crores), whereas profit after tax increased to ₹38 crores (loss: ₹8 crores).
SVP Global Ventures Ltd, an Indian diversified cotton yarn manufacturer, has announced that the company has received approval for direct listings of its equity shares on the National Stock Exchange (NSE) effective from July 14, 2021, under the scrip id “SVPGLOB”. The company's modern and automated manufacturing units are situated in Oman and India.#
“Compact cotton yarn contributed 84 per cent and traditional yarn contributed 16 per cent for FY21 as compared to 75 per cent and 25 per cent for FY20, respectively,” OP Gulia, president for SVP Global Ventures Limited, said in a press release.
SVP Global Ventures Ltd, an Indian diversified cotton yarn manufacturer, has announced that the company has received approval for direct listings of its equity shares on the National Stock Exchange (NSE) effective from July 14, 2021, under the scrip id “SVPGLOB”. The company's modern and automated manufacturing units are situated in Oman and India.#
“With increase in volumes and strong order book in hand we are envisaging a positive momentum in the business. Shift in product mix with export opportunities in the hindsight from our Oman facility, should give further boost to our operating margins going forward,” Gulia added.
Fibre2Fashion News Desk (JL)
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
