Vardhman Textiles Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 24, 2024 at 03:15 am EST
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Vardhman Textiles Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 23,295.1 million compared to INR 23,704.7 million a year ago. Revenue was INR 24,044.5 million compared to INR 24,369.2 million a year ago. Net income was INR 1,602.3 million compared to INR 1,024 million a year ago. Basic earnings per share from continuing operations was INR 5.63 compared to INR 3.6 a year ago. Diluted earnings per share from continuing operations was INR 5.63 compared to INR 3.6 a year ago.
For the nine months, sales was INR 70,452.7 million compared to INR 76,518.8 million a year ago. Revenue was INR 73,040.6 million compared to INR 77,686.9 million a year ago. Net income was INR 4,310 million compared to INR 6,364.2 million a year ago. Basic earnings per share from continuing operations was INR 15.15 compared to INR 22.38 a year ago. Diluted earnings per share from continuing operations was INR 15.15 compared to INR 22.37 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 
