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Vardhman Textiles reports 58% fall in Q2 consolidated net profit

28 Oct 2022 Evaluate

Vardhman Textiles has reported results for second quarter ended September 30, 2022.

The company has reported fall of 58.55% in its net profit at Rs 194.74 crore for Q2FY23 as compared to Rs 469.80 crore for the corresponding quarter previous year. However, total income of the company increased by 0.97% to Rs 2,416.85 crore for the quarter under review as compared to Rs 2,393.71 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 58.40% in its net profit at Rs 196.59 crore for the quarter under review as compared to Rs 472.61 crore for the same quarter in the previous year. However, total income of the company increased by 1.93% to 2,499.98 crore for the quarter under review as compared to Rs 2452.54 crore for the same quarter in the previous year.

Peers
Company Name CMP
Vardhman Textiles 560.85
Welspun Living 212.00
Arvind 541.60
Raymond Lifestyle 656.20
K.P.R. Mill 1096.20
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