Vardhman Textiles reported double rise in profit to Rs 175 cr for Dec quarter

Vardhman Textiles, leading textile firm due to cheaper input cost and increase in yarn exports to China for the quarter ending December 31 saw a rise in its net profit. The net profit saw a 109 per cent jump to Rs 175.24 crore.

The company had reported a net profit of Rs 83.62 crore in corresponding quarter of last fiscal.

The company’s net sales for the third quarter of the ongoing fiscal stood at Rs 1,415.98 crore, up 30.72 per cent over revenue clocked in corresponding period.

Due to favourable conditions both in respect of availability of raw material at reasonable cost and the pull in the demand of yarn owing to the big rise of export of yarn to China from India, the company witnessed rise in the margins over the corresponding quarter of last year

Vardhman also saw an expansion at their Vardhman Fabrics, Budhni during the quarter ended December 2013, with an additional 28,800 spindles and 110 looms becoming into operation.

Recent Posts

Indorama Ventures partners for commercial-scale bio-PET bottles

Indorama Ventures has teamed up with Suntory, Iwatani, and others to introduce the first commercial-scale bio-PET bottle, made from certified…

18 hours ago

Milliken & Company launches innovative moisture barrier

Milliken & Company has introduced Milliken Assure, first flame-resistant moisture barrier for firefighter turnout gear that is free from PFAS…

18 hours ago

Paradise Textiles, Kintra Fibers launch bio-synthetic material garment

Paradise Textiles has collaborated with Kintra Fibers, a leader in bio-based fibers, to produce the first garment made from Kintra’s…

18 hours ago

Swisstulle advances dyeing efficiency with JigMaster

Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.

6 days ago

Birla Cellulose and Circ partner to scale textile recycling

Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…

6 days ago

CARBIOS unveils enzymatically recycled polyester t-shirt

CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…

6 days ago