Vardhman Textiles Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 25, 2016 at 10:49 am
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Vardhman Textiles Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on standalone basis, the company's net sales/income from operations was INR 14,362.2 million compared with INR 14,291.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,998.6 million compared with INR 1,205.2 million a year ago. Profit from ordinary activities before tax was INR 1,811.1 million compared with INR 964.5 million a year ago. Net profit was INR 1,283.1 million or INR 20.16 per basic and diluted share compared with INR 709.5 million or INR 11.15 per basic and diluted share a year ago.
For the nine months, on standalone basis, the company's net sales/income from operations was INR 41,972.1 million compared with INR 43,342.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,870.3 million compared with INR 4,308.7 million a year ago. Profit from ordinary activities before tax was INR 5,883.6 million compared with INR 3,509.1 million a year ago. Net profit was INR 4,355.6 million or INR 68.43 per basic and diluted share compared with INR 2,689.1 million or INR 42.25 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company's net sales/income from operations was INR 17,101.0 million compared with INR 16,971.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,527.5 million compared with INR 1,600.5 million a year ago. Profit from ordinary activities before tax was INR 2,315.4 million compared with INR 1,340.4 million a year ago. Net profit was INR 1,614.2 million or INR 23.66 per basic and diluted share compared with INR 971.0 million or INR 13.66 per basic and diluted share a year ago.
For the nine months, on consolidated basis, the company's net sales/income from operations was INR 49,858.4 million compared with INR 51,255.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 7,250.6 million compared with INR 5,403.6 million a year ago. Profit from ordinary activities before tax was INR 6,554.5 million compared with INR 4,457.6 million a year ago. Net profit was INR 4,578.8 million or INR 67.05 per basic and diluted share compared with INR 3,275.6 million or INR 46.54 per basic and diluted share a year ago.
Vardhman Textiles Limited is an India-based vertically integrated textile manufacturer. The Company is primarily in the business of manufacturing, purchase and sale of textiles. Its segments include Textiles and Acrylic Fibre. Its businesses include yarns, fabrics, acrylic fiber, garments, collections, and special steel. Its yarn products include specialty yarns, acrylic, fancy and hand-knitting yarns, dyed yarns, grey yarns and others. Its garment product includes 100% cotton, poly cotton, cotton stretch or cotton lycra, linen, cotton Tencel, Cotton viscose, and Melange. The Company produces 2,40,000 metric tons of yarn and 220 million meters of woven fabric. It produces a variety of steels in terms of type and size. The product range includes rounds, squares, peeled/drawn center-less ground bars of carbon steel, case-hardening steel, through hardening steel and others. Its subsidiaries include Vardhman Acrylics Limited and VTL Investments Limited.
VARDHMAN TEXTILES LIMITED 
