31 January 2022, Mumbai:
To deliver superior outcomes to all of stakeholders, Vishal Fabrics continues to focus on quality, production efficiency, on-time delivery, design, and innovation.
The company’s profit after tax grew 97 per cent in Q3FY22 to Rs 19 crore compared to Rs 10 crore in Q3FY32, reports India Infoline.
The company’s revenue increased 46 per cent to Rs 427 crore during the quarter as against Rs 292 crore in Q3FY21. EBIDTA grew by 80 per cent to Rs 44 crore as compared to Rs 24 crore for Q3FY21.
The Board of Directors declared the Issue of Bonus Shares of the proportion of 2 (Two) Equity Share of Rs 5 each for every 1 (one) Equity Share of Rs 5each held by shareholders of the company as on the record date, subject to the approval of members and other approvals, consents, permissions, conditions and sanctions, as may be necessary.
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