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Vardhman Holdings Ltd Q1FY24; 53% fall in Profits

Vardhman Holdings Ltd, incorporated in 1962, is part of the Vardhman group. The company is a registered NBFC. The company has assets other than that related to the textile business, which mainly comprises investments. The earnings at present are in the nature of dividends on investments. The company’s current portfolio consists of investments into debt, equity and real estate.

Financial Results:

Vardhman Holdings Ltd reported Revenues for Q1FY24 of ₹6.00 Crores up from ₹5.00 Crore year on year, a rise of 20.0%.

Total Expenses for Q1FY24 of ₹0.00 Crores down from ₹1.00 Crores.

Consolidated Net Profit of ₹44.00 Crores down 53.19% from ₹94.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹137.21, down 53.42% from ₹294.60 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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