Announcing its audited results for the financial year 2022-23, Vardhman Textiles Limited, the Ludhiana-based textile conglomerate has reported a consolidated net profit of Rs. 805 crore.
In a statement, the company said that it has reported a net profit of Rs. 749 crore on a standalone basis.
The top line of the company is Rs. 9,841 crore, marginally higher by 5 per cent over the previous financial year while the interest, taxes, depreciation, and amortization (EBITDA) margin stands at 15 per cent, as against 27 per cent during the previous financial year. The net profit for 4th quarter of the financial year is Rs. 150 crore, which is higher by 66 per cent over the previous quarter.
The top line of the company is Rs. 2,428 crore, higher by 6 per cent over third quarter, and the EBITDA margin stands at 13 per cent, against 10 per cent for the previous quarter.
On a consolidated basis, the top line of the company has increased to Rs. 2,486 crore from Rs. 2,370 crore in Q3, an increase of 5 per cent. The net profit of the company for Q4 is Rs. 160 crore, higher by 52 per cent over Q3.
