Vardhman Textiles: Q3 FY22 reported

Vardhman Textiles: Q3 FY22 reported

25 January, Mumbai: 2022

Vardhman Textiles, headquartered in Ludhiana, recorded a consolidated profit after tax of Rs. 431.51 crore for the third quarter ended December 2021. In addition, it declared a profit after tax (PAT) of Rs. 174.85 crore for the whole year.

According to the regulatory filing, the company's total income for the quarter under review increased to Rs. 2,666.8 crore from Rs. 1,806.85 crore the previous year (October-December 2020).

However, overall costs increased to Rs. 2,097.62 crore in the same quarter, compared to Rs. 1,588.22 crore in the previous quarter.

Vardhman Group: Assuring World-Class Fabrics with Latest Technology -  Insights Success

The firm produced 516 lakh meters of gray fabric in Q321-22, while 439 lakh meters of processed fabric were produced. Innovative yarns and textiles are a trademark of the firm. With its long-term viability and broad product variety, it achieves significant progress in the yarn production business.

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