The sale of finish textiles at Vishal Fabrics Limited (India) goes up

28 January 2022, Mumbai:

Vishal Fabrics Limited (VFL), a prominent denim manufacturing and fabric processing firm, has released its unaudited standalone financials for the third quarter of fiscal year 2021, which concluded on December 31, 2021.

The firm generated sales of Rs. 427 crore in Q3FY22, up from Rs. 292 crore in Q3FY21, a 46 percent increase.

Revenue for the first nine months of FY22 was Rs. 1,121 crore, up from Rs. 579 crore in the first nine months of FY21, a 94% increase. The net profit after tax (PAT) for Q3FY22 was Rs. 19 crore, up from Rs. 10 crore in Q3FY21, a 97 percent increase.

The net profit after tax for the first nine months of FY22 was Rs. 49 crore, up from Rs. 4 crore in the same period of FY21.

VFL is a subsidiary of the famous Chiripal Group, which has over three decades of expertise in providing unrivaled goods to a wide range of customers. "During the quarter, the firm was able to attain sustainable margins," stated Brijmohan Chiripal, MD & CEO.

The corporation was able to pass on the higher cost to the clients successfully. EBITDA margins were maintained thanks to our ongoing efforts to keep operational expenditures under control. Furthermore, we maintained our pace and saw a 46% increase in the sale of finished textiles."

During the quarter, the company's capacity utilization remained steady. For the fourth quarter of FY22, the company's order book remains solid. "It confirms our continual focus on quality, manufacturing efficiency, on-time delivery, design, and innovation to offer superior outcomes to all of our stakeholders."

While short-term obstacles may linger, we remain positive about the Indian textile industry's long-term development prospects, as well as our capacity to boost utilization and gain revenue and market share," said Brijmohan Chiripal.

**The statistics mentioned in the above articles have been sourced from following sources

CREDITS: MINT  ET

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