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Vardhman Textiles Ltd Q1FY24; 59% fall in Profits

Vardhman textiles is engaged in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments, the Group has over the years developed as a business conglomerate with a presence in India and in 75 countries across the globe.

Financial Results:

Vardhman Textiles Ltd reported Revenues for Q1FY24 of ₹2,318.00 Crores down from ₹2,812.00 Crore year on year, a fall of 17.57%.

Total Expenses for Q1FY24 of ₹2,240.00 Crores down from ₹2,405.00 Crores year on year, a fall of 6.86%.

Consolidated Net Profit of ₹137.00 Crores down 58.86% from ₹333.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.72, down 58.56% from ₹11.39 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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