Vardhman Textiles Limited Reports Earnings Results for the First Quarter Ended June 30, 2021
July 29, 2021 at 03:12 am EDT
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Vardhman Textiles Limited announced earnings results for the first quarter ended June 30, 2021. For the first quarter, the company announced total revenue was INR 19,719.6 million compared to INR 8,606.3 million a year ago. Net income was INR 3,147 million compared to net loss of INR 642.9 million a year ago. Basic earnings per share from continuing operations was INR 55.58 compared to basic loss per share from continuing operations of INR 11.38 a year ago. Diluted earnings per share from continuing operations was INR 55.36 compared to diluted loss per share from continuing operations of INR 11.31 a year ago.
Vardhman Textiles Limited is an India-based vertically integrated textile manufacturer. The Company is primarily in the business of manufacturing, purchase and sale of textiles. Its segments include Textiles and Acrylic Fibre. Its businesses include yarns, fabrics, acrylic fiber, garments, collections, and special steel. Its yarn products include specialty yarns, acrylic, fancy and hand-knitting yarns, dyed yarns, grey yarns and others. Its garment product includes 100% cotton, poly cotton, cotton stretch or cotton lycra, linen, cotton Tencel, Cotton viscose, and Melange. The Company produces 2,40,000 metric tons of yarn and 220 million meters of woven fabric. It produces a variety of steels in terms of type and size. The product range includes rounds, squares, peeled/drawn center-less ground bars of carbon steel, case-hardening steel, through hardening steel and others. Its subsidiaries include Vardhman Acrylics Limited and VTL Investments Limited.
VARDHMAN TEXTILES LIMITED 
