03 Dec 2020 | 4:56 PM

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COMPANYNEWS
Vardhman Textiles Lt Q1 net profit down 28.99% at Rs 103.52 cr
  Vardhman Textiles Ltd. | 17 Jan 2020 | 10:46 AM
Published on 08-13-2019
The company reported standalone net profit of Rs 103.52 crore for the quarter ended June 30 2019 as compared to Rs 145.78 crore in the same period last year registering a year-on-year decline of 28.99 per cent.


Net revenue of the company declined marginally by 1.42 per cent at Rs 1558.32 crore in April-June quarter of this fiscal as against Rs 1580.75 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 1.67 per cent to Rs 1331.73 crore from Rs 1309.89 crore in year ago period.


Other Income grew by 29.72 per cent at Rs 31.03 crore versus (Jun`18 Rs 23.92 crore).


Operating Profit slipped by 16.34 per cent to Rs 226.59 crore as against Rs 270.86 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 15.12 per cent in June quarter.


Interest grew by 10.58 per cent y-o-y to Rs 36.36 crore while Taxation decreased by 20.71 per cent at Rs 45.29 crore (Jun`18 Rs 57.12 crore).