Vardhman Textiles Ltd (VTL), for Q3FY18, on a consolidated basis continued to witness weak operational performance, in-line with expectation. Higher raw material expenses, up 1,095bps YoY to 56.7% of sales, led to EBITDA margin contraction of 736 bps to 13.7%. Revenue grew by 12% to 1,648 crore, on the back of ~11% and 21% growth in the textiles and acrylic fibre segments, respectively. Lower operational performance and other income (down 34% to 38 crore) led to net profit declining by 29% to 136 crore. Sales volume of yarn grew 14% to 55,096 tonne and grey & processed fabric grew 4% to 759 lakh meters....