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 Rs. 1,677.44 cr for fiscal 2021–22 as against Rs. 366.74 cr in FY 2020-21, an increase of 357.39 percent on standalone basis.
The top line of the company is Rs. 9,386.10 cr in FY 2021-22, which is higher by 58.38 percent over the previous fiscal. The EBIDTA margin for FY 2021-22 stands at 27.09 percent as against 15.62 percent during the previous FY, the company said.
The net profit of the company for Q4 is Rs. 322.68 cr on standalone basis which is lower by 44.75 percent over Q3 but is higher by 43.98 percent over Q4 of last year. The top line of the company is Rs. 2,641.97 cr for Q4 which is higher by 4.80 percent over Q3 and 41.65 percent over Q4 last year. The EBIDTA margin for Q4 stands at 20.62 percent against 30.57 percent for Q3 and 21.62 percent for Q4 last year.
During the year, the company has split the face value of its equity shares from Rs. 10 each to Rs. 2 each. The total paid-up equity of the company is Rs. 57.77 cr, comprising of 28.89 cr (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 report added.
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 Rs. 1,677.44 cr for fiscal 2021–22 as against Rs. 366.74 cr in FY 2020-21, an increase of 357.39 percent on standalone basis.
