Vardhman Textiles Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 21, 2021 at 04:28 am EST
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Vardhman Textiles Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 18,068.5 million compared to INR 18,955.8 million a year ago. Net income was INR 1,705.2 million compared to INR 1,991.7 million a year ago. Basic earnings per share from continuing operations was INR 30.17 compared to INR 35.25 a year ago. Diluted earnings per share from continuing operations was INR 29.97 compared to INR 34.94 a year ago. For the nine months, total revenue was INR 43,469.6 million compared to INR 52,722.8 million a year ago. Net income was INR 1,664.4 million compared to INR 4,318.1 million a year ago. Basic earnings per share from continuing operations was INR 29.45 compared to INR 76.44 a year ago. Diluted earnings per share from continuing operations was INR 29.25 compared to INR 75.76 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 
