Vardhman Textiles - Operational Performance Inching Towards Normalcy: ICICI Direct
Colourful spools of thread hang on a wall. (Photographer: Demetrius Freeman/Bloomberg)

Vardhman Textiles - Operational Performance Inching Towards Normalcy: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Vardhman Textiles Ltd.’s revenues for Q3 FY21 fell 4% YoY to Rs 1,750 crore.

Gross margin improvement of 340 basis points YoY to 48.3% and lower power cost (down 120 basis points YoY to 9.9%) enabled Ebitda margin expansion of 421 basis points YoY to 15.8%. Ebitda was up 31% YoY at Rs 276 crore.

Consequently, profit before tax grew 31% YoY to Rs 219 crore. However, profit after tax fell 13% to Rs 175 crore owing to deferred tax adjustment in the base quarter.

Click on the attachment to read the full report:

ICICI Direct Vardhman Textiles Company Update.pdf

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