Vardhman Textiles Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Vardhman Textiles Ltd reported a 1.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.4%.
- Its expenses for the quarter were down by 1.4% QoQ and up 3.1% YoY.
- The net profit increased 7.3% QoQ and increased 30.8% YoY.
- The earnings per share (EPS) of Vardhman Textiles Ltd stood at 7.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2533.70 | 2583.99 | 2404.45 | -1.9% | 5.4% |
Total Expenses | 2272.16 | 2304.73 | 2204.08 | -1.4% | 3.1% |
Profit Before Tax | 261.54 | 279.26 | 200.37 | -6.3% | 30.5% |
Tax | 60.77 | 93.21 | 49.65 | -34.8% | 22.4% |
Profit After Tax | 211.77 | 197.30 | 161.86 | 7.3% | 30.8% |
Earnings Per Share | 7.40 | 6.90 | 5.60 | 7.2% | 32.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Vardhman Textiles Ltd is a prominent player in the textile industry, primarily engaged in the production and sale of yarns, fabrics, and garments. The company has established a significant presence in both domestic and international markets, providing a wide range of textile products known for their quality and innovation. As of the latest available data, Vardhman Textiles has been actively enhancing its production capabilities and expanding its market reach. However, specific recent developments or strategic initiatives taken by the company were not included in the provided data, and thus, are not addressed in this report.
Revenue
In the third quarter of FY25, Vardhman Textiles Ltd reported a total income of ₹2533.70 crores. This figure represents a slight decline of 1.9% compared to the second quarter of FY25, where the total income was ₹2583.99 crores. However, on a year-over-year basis, there was a 5.4% increase in total income compared to ₹2404.45 crores reported in the third quarter of FY24. This indicates a growth in revenue over the year, despite the quarter-on-quarter decrease. The variations in total income reflect the company's ongoing efforts to adapt to market conditions and demand fluctuations.
Profitability
Profitability for Vardhman Textiles Ltd in Q3FY25 showed a mixed performance. The profit before tax was recorded at ₹261.54 crores, experiencing a 6.3% decline from the previous quarter's ₹279.26 crores. However, when compared to the same quarter in the previous year, there was a substantial improvement of 30.5% from ₹200.37 crores. The tax expense for the quarter was ₹60.77 crores, a significant reduction of 34.8% from the previous quarter's ₹93.21 crores, but a 22.4% increase from the tax paid in Q3FY24, which was ₹49.65 crores. Consequently, the profit after tax rose to ₹211.77 crores, marking a 7.3% increase from the previous quarter and a notable 30.8% increase year-over-year from ₹161.86 crores. Earnings per share also improved, reaching ₹7.40 in Q3FY25, which is a 7.2% rise from Q2FY25 and a 32.1% increase from Q3FY24.
Operating Metrics
In terms of operating metrics, Vardhman Textiles Ltd managed to effectively control its expenses in Q3FY25. The total expenses were ₹2272.16 crores, which is a reduction of 1.4% from ₹2304.73 crores in Q2FY25. Compared to the third quarter of the previous fiscal year, there was an increase of 3.1% from ₹2204.08 crores. This adjustment in expenses reflects the company's operational efficiencies and cost management strategies. Key financial ratios and other operating metrics such as the P/E ratio, debt-to-equity ratio, and current ratio were not provided in the data, thus not covered in this report. The trends in expenses, income, and tax components indicate a dynamic operational environment that the company navigated through the reporting period.
