Vijay Textiles Limited Net profit Jumps 245% in Q1FY 2018

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

 

 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, Vijay Kumar Gupta, Chairman & Managing Director of the company 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 organised players like us on account of GST implementation”

 

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