Vardhman Textiles gains on reporting multi fold rise in Q2 consolidated net profit
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Vardhman Textiles is currently trading at Rs. 2010.70, up by 20.05 points or 1.01% from its previous closing of Rs. 1990.65 on the BSE.
The scrip opened at Rs. 2044.95 and has touched a high and low of Rs. 2044.95 and Rs. 1970.00 respectively. So far 3419 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2145.00 on 13-Oct-2021 and a 52 week low of Rs. 751.00 on 03-Nov-2020.
Last one week high and low of the scrip stood at Rs. 2070.00 and Rs. 1773.10 respectively. The current market cap of the company is Rs. 11483.73 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 25.59% and 11.24% respectively.
Vardhman Textiles has reported multi fold rise in its net profit of Rs 453.80 crore for the quarter ended September 30, 2021 as against net profit of Rs 49.57 crore for the same quarter in the previous year. Total income of the company increased by 49.75% at Rs 2,371.11 crore for quarter ended September 30, 2021 as compared Rs 1,583.40 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported multi fold rise in its net profit attributed to the owners at Rs 481.49 crore for the quarter under review as against net profit of Rs 60.22 crore for the same quarter in the previous year. Total income of the company increased by 46.03% at Rs 2,452.54 crore for quarter ended September 30, 2021 as compared to Rs 1,679.48 crore for the corresponding quarter previous year.
