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Vardhman Textiles Ltd Q2FY24; 34% 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 Q2FY24 of ₹2,397.00 Crores down from ₹2,470.00 Crore year on year, a fall of 2.96%.

Total Expenses for Q2FY24 of ₹2,318.00 Crores up from ₹2,236.00 Crores year on year, a rise of 3.67%.

Consolidated Net Profit of ₹136.00 Crores down 34.3% from ₹207.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.64, down 34.56% from ₹7.09 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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