Vardhman Textiles, a textile company, reported its consolidated quarterly numbers for March 2023. The net sales for the quarter were Rs 2,485.61 crore, which represents a decrease of 8.18% compared to the same period in the previous year when it was Rs. 2,707.11 crore.
The net profit for the quarter was Rs. 158.74 crore, down 50.72% from Rs. 322.11 crore in March 2022. Similarly, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at Rs. 337.11 crore in March 2023, a decline of 38.45% from Rs. 547.68 crore in March 2022.
The earnings per share (EPS) for Vardhman Textiles decreased to Rs. 5.58 in March 2023 from Rs. 11.35 in March 2022.
As of June 6, 2023, Vardhman Text shares closed at 360.40 on the National Stock Exchange (NSE). Over the last 6 months, the stock has provided a return of 2.90%, and over the last 12 months, it has generated a return of 24.00%.
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