Categories Earnings, Industrials

Vardhman Textiles Ltd Q4FY23 results out, revenue drops by 8%

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.

  • Vardhman Textiles Ltd reported Total revenue for Q4 FY23 of ₹2,486 Crore, down from ₹2,707 Crore year on year depicting a decline of 8%.
  • Total Expenses for Q4 FY23 of ₹2,224 Crore up, from ₹2,208 Crore year on year, a growth of 1%. 
  • Consolidated Net Profit of ₹160 Crore, down 50% from ₹321 Crore in the same quarter of the previous year.
  •  The Earnings per Share is ₹5.49, down 51% from ₹11.15 in the same quarter of the previous year.

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