Vardhman Textiles Q2 profit grows over three-fold to Rs 454 cr

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Vardhman Textiles today reported an over three-fold rise in its consolidated net profit for the September-end quarter at Rs 454.01 crore, from Rs 137.02 crore in the year-ago period.

The group's total income from operations rose to Rs 1,564.42 crore in the second quarter, from Rs 1,477.79 crore in the same period of 2015.

Its total expenses, however, increased marginally to Rs 1,269.83 crore during the quarter under review, from the earlier Rs 1,267.26 crore.

The consolidated financial results include the results of all its subsidiaries, including Vardhman Acrylics, VMT Spinning Co and VTL Investments. These also include the company's joint ventures and its associates.

Shares of Vardhman Textiles closed at Rs 1051.20, down 2.37 per cent from their previous close on the Bombay Stock Exchange.