Vardhman Textiles Ltd.

NSE: VTL | BSE: 502986 | ISIN: INE825A01012 |Industry: Textiles
|Mid-range Performer
695.55 3.15 (0.45%)
NSE Jul 08, 2020 12:14
Volume: 10,688
 

Vardhman Textiles Ltd.    
30 Jun 2020
695.55
0.45%
ICICI Securities Limited
Vardhman Textiles posted a weak Q4FY20 performance due to lockdown impact in second half of March. Consolidated revenues fell 9.5% YoY to | 1596 crore due to 10% fall in textile segment. Though gross margins improved 340 bps YoY to 48.5% owing to lower input cost, negative operating leverage led to a fall in EBITDA margin by 80 bps to 14.1% with EBITDA down 15% to | 225.1 crore. Hence, PAT fell 18% YoY to | 149 crore....
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Vardhman Textiles Ltd. is trading above it's 50 day SMA of 663.8
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