Vardhman Acrylics Limited Reports Earnings Results for the Full Year Ended March 31, 2022
May 16, 2022 at 02:44 am
Share
Vardhman Acrylics Limited reported earnings results for the full year ended March 31, 2022. For the full year, the company reported sales was INR 3,033.3 million compared to INR 2,801.9 million a year ago. Revenue was INR 3,177.2 million compared to INR 2,955.6 million a year ago. Net income was INR 145.6 million compared to INR 429.2 million a year ago. Basic earnings per share from continuing operations was INR 1.81 compared to INR 5.34 a year ago. Diluted earnings per share from continuing operations was INR 1.81 compared to INR 5.34 a year ago.
Vardhman Acrylics Limited is an India-based company that is engaged in manufacturing and supplying of acrylic fiber and tow. The Company has manufacturing facility in Gujarat, India. Its products are marketed under the brand name VARLAN. Its products include non-shrinkable; high shrinkage; medium shrinkage; very high shrinkable; tow 123, 131, 139 K-Tex; staple for open end; soft hand and water absorbent. Its hosiery applications include sweaters and cardigans, sweaters, mufflers, t-shirts, scarves, underwear, shirting, tracksuits, shalwar kamiz, childrenâs clothes and jerseys. Its weaving applications include shawl, lohi, check shirt, ladiesâ suit, plain cloth, bedspread, and sari. Its home furnishing applications include mink blanket, woven blanket, embroidery, table mat, bathmat, awnings, upholstery, curtain, carpets, and shoelaces. Its industrial applications include industrial filters, nonwovens, and tents. It also includes fur fabrics, soft toys, rugs, draperies, and wigs.