Q4FY21 Company Update - Vardhman Textiles - ICICI Direct

Vardhman Textiles' (VTL) reported an improved performance both in terms of revenue growth and profitability. Revenues for Q4FY21 grew 22% YoY to Rs. 1947 crore. Gross margin expansion of 459 bps YoY to 53.1% and lower power cost (down 146 bps YoY to 9.6%) enabled EBITDA margin expansion of 610 bps to 20.2%. EBITDA was up 75% YoY to Rs. 394 crore. Consequently, PAT grew 72% to Rs. 250 crore.

For details, click on the link below: Link to the report

Shares of VARDHMAN TEXTILES LTD. was last trading in BSE at Rs.1294.15 as compared to the previous close of Rs. 1276.8. The total number of shares traded during the day was 6655 in over 684 trades.

The stock hit an intraday high of Rs. 1305.15 and intraday low of 1276.1. The net turnover during the day was Rs. 8602529.

Source : Equity Bulls

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