Ludhiana-based leading textile conglomerate, Vardhman Textiles has declared its un-audited financial results for the first quarter of FY ’23.

According to these results, Vardhman Textiles FY23 Q1 net profit increased by 4.13 per cent on a standalone basis to Rs. 313.35 crore as against Rs. 300.92 crore in the corresponding quarter of previous year 2021-22.

The company’s topline surged by 44.25 per cent to Rs. 2,731.01 crore in Q1,FY ’23 over the corresponding quarter of the previous fiscal.

The earnings before interest, depreciation, taxes and amortization (EBIDTA) margin for the Q1, FY ’23 stands at 19.36 per cent as against 26.55 per cent during the corresponding quarter of the previous FY.

Offering a variety of yarns and fabrics, Vardhman Textiles is also expanding its product capacity.