The consolidated net profit of Vardhaman Textiles increased by 29.33 per cent to Rs 322.12 crore during Q4FY’22. However, net profit declined by 24.8 per cent on a sequential basis. As per an India Infolne report, revenues increased 39.04 per cent Y-o-Y in Q4FY22 to Rs 2,707 crore on consolidated basis. On sequential basis, revenues increased 3.99 per cent during the quarter.

Revenues for full year FY22 increased by 56.7 per cent to Rs 6,622 crore. Sales from the acrylic fibre business remained flat on Y-o-Y basis while sales of the predominant textiles business grew 41.7 per cent to Rs 2,642 crore. Cash from operations grew by nine times during the quarter. The company announced a dividend of Rs 34 per share for employees.

Due to the spike in cost of raw materials, EBITDA margins for the quarter declined from 22.14 per cent to 19.88 per cent Y-o-Y. Net profit margins declined to 11.90 per cent during the quarter compared to 12.73 per cent in Q4FY21.