• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

India's Vardhman Textiles Ltd reports ₹1,677 cr profit in FY 2021-22

23 May '22
2 min read
Pic: Vardhman Textiles
Pic: Vardhman Textiles

Indian textile conglomerate Vardhman Textiles Limited, headquartered in Ludhiana, Punjab with multiple manufacturing units across 3 states, has reported highest ever profits in its history. The company has reported net profit of ₹1,677.44 crore for fiscal 2021–22 as against ₹366.74 crore in FY 2020-21, an increase of 357.39 per cent on standalone basis.

The top line of the company is ₹9,386.10 crore in FY 2021-22, which is higher by 58.38 per cent over the previous fiscal. The EBIDTA margin for FY 2021-22 stands at 27.09 per cent as against 15.62 per cent during the previous FY, the company said in a media release.

The net profit of the company for Q4 is ₹322.68 crore on standalone basis which is lower by 44.75 per cent over Q3 but is higher by 43.98 per cent over Q4 of last year. The top line of the company is ₹2,641.97 crore for Q4 which is higher by 4.80 per cent over Q3 and 41.65 per cent over Q4 last year. The EBIDTA margin for Q4 stands at 20.62 per cent against 30.57 per cent for Q3 and 21.62 per cent for Q4 last year.

During the year, the company has split the face value of its equity shares from ₹10 each to ₹2 each. The total paid-up equity of the company is ₹57.77 crore, comprising of 28.89 crore (approximately) equity shares, as at the end of the FY.

Further, pursuant an Order of the National Company Law Tribunal, two wholly owned subsidiaries of the company viz. VMT Spinning Company Limited and Vardhman Nisshinbo Garments Company Limited stood merged with the company with effect from April 1, 2020, the release added.

Fibre2Fashion News Desk (KD)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
Advanced Search