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85 Per Cent Surge In Net Profit For Vishal Fabrics

On Monday, Vishal Fabrics Ltd recorded a surge of 85 per cent in its net profit by reaching Rs. 18.95 crore for the first quarter.

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On Monday, Vishal Fabrics Ltd recorded a surge of 85 per cent in its net profit by reaching Rs. 18.95 crore for the first quarter. The denim manufacturer recorded a net profit of Rs 10.24 crore during the same quarter in the previous fiscal.


There was an increase of 49.90 per cent in the revenue from operations of the firm, which was at Rs 442.10 crore during the quarter as compared to the lower base of the pandemic-impacted quarter.


Vishal Fabrics revenue from operations was recorded at Rs 294.92 crore in the year-ago period.


"During the quarter, the company was able to achieve sustainable margins," Brijmohan Chiripal, Managing Director, Vishal Fabrics Ltd. said.


He also added that the company was able to successfully pass on the additional cost to the customers.


On Monday, the shares of Vishal Fabrics Ltd settled 1.63 per cent down at Rs 24.10 apiece on BSE.