Vardhman Textiles Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 31, 2023 at 02:21 am EDT
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Vardhman Textiles Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 23,974.6 million compared to INR 24,695.8 million a year ago. Revenue was INR 24,870.4 million compared to INR 24,999.8 million a year ago. Net income was INR 1,343 million compared to INR 2,049 million a year ago. Basic earnings per share from continuing operations was INR 4.72 compared to INR 7.2 a year ago. Diluted earnings per share from continuing operations was INR 4.72 compared to INR 7.2 a year ago.
For the six months, sales was INR 47,157.6 million compared to INR 52,814.1 million a year ago. Revenue was INR 48,996.1 million compared to INR 53,317.7 million a year ago. Net income was INR 2,707.7 million compared to INR 5,340.2 million a year ago. Basic earnings per share from continuing operations was INR 9.52 compared to INR 18.78 a year ago. Diluted earnings per share from continuing operations was INR 9.52 compared to INR 18.77 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 
