Vardhman Textiles Amends Power Purchase Agreement for Wind-Solar Hybrid Plant
Vardhman Textiles has executed an amended Power Purchase Agreement (PPA), relocating its wind-solar hybrid plant within Madhya Pradesh. This strategic move underscores the company's commitment to renewable energy and could potentially optimize energy generation, improve cost management, and enhance operational flexibility.
05May 25
Vardhman Textiles Reports Strong Q4 Performance with 15% Profit Growth
Vardhman Textiles Ltd. announced robust Q4 FY23 results. Net profit rose 15% YoY to ₹230 crore, up from ₹200 crore in Q4 FY22. Revenue increased 1.67% YoY to ₹2,500 crore. Compared to Q3 FY23, net profit grew 9.52% and revenue by 1.42%. The results demonstrate improved profit margins and steady revenue growth, indicating effective cost management and operational efficiency.