Vardhman Textiles Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 25, 2023 at 02:07 am EST
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Vardhman Textiles Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 23,704.7 million compared to INR 26,031.8 million a year ago. Revenue was INR 24,369.2 million compared to INR 26,668 million a year ago. Net income was INR 1,024 million compared to INR 4,285.9 million a year ago. Basic earnings per share from continuing operations was INR 3.6 compared to INR 15.12 a year ago. Diluted earnings per share from continuing operations was INR 3.6 compared to INR 15.08 a year ago.
For the nine months, sales was INR 76,518.8 million compared to INR 69,152.3 million a year ago. Revenue was INR 77,686.9 million compared to INR 70,913 million a year ago. Net income was INR 6,364.2 million compared to INR 12,247.8 million a year ago. Basic earnings per share from continuing operations was INR 22.38 compared to INR 43.24 a year ago. Diluted earnings per share from continuing operations was INR 22.37 compared to INR 43.09 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 
