Vardhaman Textiles Q2 Results Live : Vardhaman Textiles declared their Q2 results on October 30, 2024, showcasing a strong financial performance with a topline increase of 4.38% year-over-year (YoY) and a remarkable profit surge of 46.57% YoY.
In comparison to the previous quarter, the company’s revenue showed a growth of 8.4%, although profit saw a decrease of 17.47%. This indicates a robust year-over-year performance despite a quarterly dip in profit.
The Selling, General & Administrative expenses rose by 3.55% quarter-on-quarter (q-o-q) and increased by 11.17% YoY, reflecting the company’s ongoing investment in operations and customer engagement.
Operating income, however, experienced a decline of 14.15% q-o-q but saw a significant increase of 111.99% YoY, which underscores the company’s ability to enhance its profitability over the longer term.
Earnings per Share (EPS) for Q2 stood at ₹6.92, marking a 46.61% increase YoY, further indicating the company’s strong earnings growth and operational efficiency.
In terms of market performance, Vardhaman Textiles has delivered a return of 6.62% over the last week, 2.82% in the last six months, and an impressive 18.63% year-to-date.
Currently, Vardhaman Textiles has a market capitalization of ₹13,247.1 crore, with a 52-week high of ₹592 and a low of ₹352.05, demonstrating its resilient position in the textile sector.
As of October 31, 2024, among the four analysts covering the company, there is a mixed sentiment with one analyst issuing a ‘Strong Sell’ rating, another a ‘Sell’ rating, and two analysts giving a ‘Strong Buy’ rating, suggesting varied outlooks on the company’s future performance.
Vardhaman Textiles Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2502.42 | 2308.59 | +8.4% | 2397.46 | +4.38% |
| Selling/ General/ Admin Expenses Total | 226.95 | 219.16 | +3.55% | 204.15 | +11.17% |
| Depreciation/ Amortization | 99.64 | 96.99 | +2.73% | 103.71 | -3.92% |
| Total Operating Expense | 2286.93 | 2057.58 | +11.15% | 2295.81 | -0.39% |
| Operating Income | 215.49 | 251.01 | -14.15% | 101.65 | +111.99% |
| Net Income Before Taxes | 290.5 | 312.05 | -6.91% | 177.84 | +63.35% |
| Net Income | 196.84 | 238.5 | -17.47% | 134.3 | +46.57% |
| Diluted Normalized EPS | 6.92 | 8.38 | -17.42% | 4.72 | +46.61% |
