Vijay Textiles Limited Net profit Jumps 245% in Q1FY 2018

Posted by: at 8/31/2017 12:41:00 am


Result Highlights –  Q1FY2018:


o  Net Profit (PAT) jumps 245%  to Rs. 1.72 Cr in Q1FY18 as against Rs. 0.49 crore in Q1FY17

o  Total Revenue rose by 66.54% amounting to Rs 40.94 crore in Q1FY18 compared to Rs.24.58 crore in Q1FY17


Mumbai, August 31, 2017: Vijay Textiles Limited, a leading fabric manufacturing company reported a jump of 245 % in Net Profit to Rs 1.72 crore as against Rs 0.49 crore in Q1FY17.

Total Revenue for Q1FY18 rose by 66.54 % to Rs 40.94 crore as against Rs 24.58 crore in the same period of last year.


Commenting on the result, Mr. Vijay Kumar Gupta, Chairman & Managing Director said: “We are seeing an enhanced demand across segments and geographies. We expect the momentum to continue on account of new product launches and better orders for organized players like us on account of GST implementation”


ABOUT VIJAY TEXTILES LIMITED:

Incorporated in Feb 02, 1990, Vijay Textiles Limited (VTL) [BSE Code: 530151],is a leading fabric manufacturing company having well-established Pan-India dealer’s network and 5 world class large format retail stores strategically located in the twin cities of Hyderabad and Secunderabad. VTL has established its brand name in the major domestic market creating a strong sales network for its brand of products. After establishing a strong backdrop, company ventured into full-fledged manufacturing of Processed Textiles by setting up its own facilities in June 1993 and commenced the operations from September 1993 onwards.

VTL’s manufacturing unit includes state-of-the-art fully automated Embroidery machines imported from Japan. VTL’s major clientele includes NRI, Reputed Institute, Corporate Consumers and individuals across all strata of the society.  VTL sales all its products under the brand name “VIJAY” across India. VTL manufacturers varied products within Bed Linens, Curtain Fabrics, Share and Linen Embroideries.   The Company believes in policy of continuing innovation and improvisation in quality of its products, which are indeed its hallmarks; has made it possible to extend its market reach and capture a sizeable market share.




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