Categories Earnings, Retail

Vedant Fashions Q3FY23 net profit rises by 18 per cent

Vedant Fashions, which owns the ethnic wear brand Manyavar, has recorded a 17.6 percent rise in consolidated net profit at Rs 150.35 crore in the third quarter (Q3) ended December 31 of the current fiscal 2022-23 as against the profit of Rs 127.80 crore in the same period of the previous fiscal 2021-22.

The company’s total revenue from operations stood at Rs 441.4 crore for Q3 of the current fiscal FY 23 as compared to Rs 384.7 crore in the same quarter last year with 14.7 percent year-on-year growth.

As per the regulatory filing, its Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) in Q3 FY23 stood at Rs 225.8 crore, as compared to Rs 198.4 crore in the corresponding quarter of last year. And EBITDA margin stood at 51.2 percent in Q3 FY23 as compared to 51.6 percent in Q3 FY22.

The company expanded its retail footprint presence by adding 58,000 sq ft retail area in Q3 FY23 and 1.29 lakh sq ft retail area in 9M FY23, with a total retail presence of 13.9 lakhs sq. ft. as of Dec 2022.

Most Popular

Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript

Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah

All you need to know about Antony Waste Handling Cell in one article

Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?

Demystifying the Leading Non-Ferrous Recycling Company of India

“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,