Vardhman Textiles announced that the Annual General Meeting (AGM) of the company will be held on 19 September 2024.Powered by Capital Market - Live News

Net profit of Vardhman Textiles rose 74.76% to Rs 238.50 crore in the quarter ended June 2024 as against Rs 136.47 crore during the previous quarter ended June 2023. Sales declined 0.42% to Rs 2308.59 crore in the quarter ended June 2024 as against Rs 2318.30 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2308.592318.30 0 OPM %15.079.29 - PBDT409.04286.18 43 PBT312.05181.51 72 NP238.50136.47 75 Powered by Capital Market - Live News

Vardhman Textiles will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live News

Net profit of Vardhman Textiles rose 26.36% to Rs 200.59 crore in the quarter ended March 2024 as against Rs 158.74 crore during the previous quarter ended March 2023. Sales declined 1.05% to Rs 2459.41 crore in the quarter ended March 2024 as against Rs 2485.61 crore during the previous quarter ended March 2023.For the full year,net profit declined 20.57% to Rs 631.59 crore in the year ended March 2024 as against Rs 795.16 crore during the previous year ended March 2023. Sales declined 6.24% to Rs 9504.68 crore in the year ended March 2024 as against Rs 10137.49 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2459.412485.61 -1 9504.6810137.49 -6 OPM %12.5310.54 -10.2413.06 - PBDT360.87314.93 15 1239.521454.34 -15 PBT264.07211.03 25 834.931059.91 -21 NP200.59158.74 26 631.59795.16 -21 Powered by Capital Market - Live News

The Board of Vardhman Textiles at its meeting held on 09 April 2024 has approved the enhancement and modernization of existing Spinning and Fabric Business capacity of the Company and also generation of Green Power with a total capital outlay of Rs. 2,000 crore (approx.). The details for proposed capacity expansion are detailed below:- Installation of 5,520 rotors and 17,000 spindles, totaling to about 50,000 equivalent spindles- Installation of new capacity of Technical Textiles producing 15 lakh meters of fabric per month - Modernization Schemes for yarn/fabric Operations- Green Power generation through Solar/ Wind/ Hybrid Project (directly/ SPV mode)- Upgradation of existing IT system. Powered by Capital Market - Live News