Vardhman Textiles Net Profit Up 61.9%

Company Performance

Vardhman Textiles Net Profit Up 61.9%

Vardhman Textiles, an India based textile giant engaged in production of fibres, yarns, sewing threads, fabrics and garments, reported a massive rise of 61.9% in its net profit for the first three quarters of fiscal 2015-16 to Rs. 435.56 crore, the company mentioned in a filing to the Bombay Stock Exchange (BSE). The company had posted a profit of Rs. 268.91 crore in the first nine months of fiscal 2014-15. It posted a net income of Rs. 4225.15 crore from operations in the first nine months of FY 2015-16 as compared to the total net income of Rs. 4438.41 crore in the corresponding period last fiscal. Total expenses in the company was reported to be Rs. 3638.12 crore for this period as compared to Rs. 4007.54 crore in the same period last fiscal. Profit from ordinary activities before tax was Rs. 588.36 crore in nine months period of FY 2015-16 as compared to Rs. 350.91 crore in FY2014-15.