Vijay Textiles Ltd Q1 FY18 Net Profit Jumps By 245 Per Cent To Touch Rs 1.72 Crore

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Vijay Textiles Ltd Q1 FY18 Net Profit Jumps By 245 Per Cent To Touch Rs 1.72 Crore

Vijay Textiles Limited (VTL), a leading fabric manufacturing company reported a jump of 245% in net profit to Rs 1.72 crore as against Rs 0.49 crore during Q1FY17, the company has announced.

Total revenue for Q1FY18 rose by 66.54 % to Rs 40.94 crore as against Rs 24.58 crore in the same period of last year.

Commenting on the result, VTL Chairman & Managing Director Vijay Kumar Gupta said, “We are seeing an enhanced demand across segments and geographies. We expect the momentum to continue on account of new product launches and better orders for organised players like us on account of GST implementation”.

Incorporated in February 2, 1990, Vijay Textiles Limited (VTL) is a leading fabric manufacturing company having well-established a pan-India dealer network and five world class large format retail stores strategically located in the twin cities of Hyderabad and Secunderabad.

VTL has established its brand name in the major domestic market creating a strong sales network for its brand of products. After establishing a strong backdrop, company ventured into full-fledged manufacturing of processed textiles by setting up its own facilities in June 1993 and commenced the operations from September 1993 onwards.

VTL’s manufacturing unit includes state-of-the-art fully automated embroidery machines imported from Japan. VTL’s major clientele includes NRIs, corporate consumers and individuals across all strata of the society. VTL sales all its products under the brand name 'Vijay' across India.

VTL manufactures varied products within bed linen, curtain fabrics and linen embroideries. The company believes in a policy of continuing innovation and improvisation in quality of its products, which has made it possible to extend its reach and capture a sizeable market share, according to a company release.