VTL · Textiles
Vardhman Textiles Ltd. reported revenue of ₹2,330 cr for October to December 2023, — on the year and −2.8% on the quarter.
Operating profit (EBITDA) was ₹244 cr, a margin of 10.5%, — on the year and +192 bps on the quarter.
Net profit was ₹162 cr, — on the year and +19.1% on the quarter, with earnings per share of ₹5.54.
Retail growth comes from new stores and from sales at existing stores; the statements show the total, the filing shows how much each contributed. The quarterly statements do not carry same-store sales, stores added and revenue per square foot; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,330 cr | ₹2,459 cr | ₹2,309 cr | ₹2,502 cr | ₹2,465 cr | ₹2,509 cr | ₹2,386 cr | ₹2,460 cr | ₹2,505 cr | ₹2,498 cr | ₹2,703 cr | ₹2,866 cr |
| YoY | — | — | −0% | +4% | +6% | +2% | +3% | −2% | +2% | −0% | +13% | +16% |
| EBITDA margin | 10.5% | 12.5% | 15.1% | 12.6% | 12.7% | 11.4% | 13.7% | 12.8% | 11.3% | 11.8% | 17.5% | 19.6% |
| Other income, % of PBT | 41% | 31% | 25% | 32% | 29% | 45% | 30% | 23% | 35% | 31% | 7% | 11% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 23% | 23% | 23% | 32% | 22% | 19% | 25% | 25% | 21% | 13% | 25% | 25% |
| Net profit | ₹162 cr | ₹202 cr | ₹240 cr | ₹197 cr | ₹212 cr | ₹238 cr | ₹208 cr | ₹188 cr | ₹168 cr | ₹189 cr | ₹315 cr | ₹359 cr |
| YoY | — | — | +75% | +45% | +31% | +18% | −13% | −5% | −21% | −21% | +51% | +91% |
| Core profit YoY | — | — | +195% | +148% | +54% | −13% | −17% | −3% | −28% | −7% | +101% | +121% |
| EPS | ₹5.54 | ₹6.94 | ₹8.25 | ₹6.81 | ₹7.28 | ₹8.21 | ₹7.16 | ₹6.57 | ₹5.75 | ₹6.39 | ₹10.88 | ₹12.54 |
| Flags | 1 | 1 | ✓ | ✓ | ✓ | 2 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Vardhman Textiles Ltd. reported revenue of ₹2,330 cr (— on the year) and net profit of ₹162 cr (— on the year) for October to December 2023.
1 check raised a question: Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
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