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Vardhaman Textiles records 589% jump in Q2 FY21 profits

  

Vardhaman Textiles reported a 589.5 per cent jump in net profit during the second quarter ended June 2021 fromRs 64.29 crore to Rs 314.70 crore. The company’s net sales during the quarter rose by 135.72 per cent to Rs 1,926.97 from Rs. 817.47 crore in June 2020.

Its EBITDA increased by 1163,67 per cent to Rs. 523.79 crore in June 2021 from Rs. 41.45 crore in June 2020. Vardhman Group is a major integrated textile producer in India. The Group is today the largest textile conglomerate in India. Vardhman portfolio includes and marketing of yarns, fabrics, sewing threads, fibre and alloy steel. The group was setup in 1962 in Ludhiana.

 
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