Vardhman Holdings Q3 Result 2024: Date and Time, Share Price and Target

News: Vardhman Holdings Limited, a prominent player in the Indian market, recently released its unaudited financial results for the third quarter of fiscal year 2024. In this article, we’ll delve into the key highlights of their performance, including the date and time of the announcement, share price movements, and future targets.

Q3 FY2024 Financial Snapshot

1. Volumes and Revenue

• Volumes: During the quarter ended December 31, 2023, Vardhman Holdings recorded a total volume of 46,437 tonnes. This represents a slight increase of 0.17% compared to the same period last year.
• Revenue from Operations: The company generated INR 397.40 crore in revenue during Q3 FY2024. Although this reflects a 0.81% decrease year-on-year, it’s essential to consider the broader economic context.

2. EBITDA and Profit After Tax (PAT)

• EBITDA: The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q3 FY2024 stood at INR 41.50 crore, down by 16.57% compared to the previous year. This decline can be attributed to reduced revenue and increased expenses.
• PAT: The Profit After Tax (PAT) was INR 21.81 crore, indicating a 23.39% decrease year-on-year. While this may seem concerning, it’s essential to understand the underlying factors.

Nine Months Performance (April to December 2023)

1. Volumes and Revenue

• Volumes: For the nine months ending December 31, 2023, Vardhman Holdings reported a total volume of 1,42,907 tonnes. This represents a 4.46% decrease compared to the same period last year.
• Revenue from Operations: The company’s revenue during this period amounted to INR 1,221.94 crore, reflecting a 6.93% decline year-on-year.

2. EBITDA and PAT

• EBITDA: The cumulative EBITDA for the nine months was INR 114.72 crore, down by 23.73% compared to the previous year.
• PAT: The Profit After Tax for the same period was INR 58.84 crore, indicating a 32.19% decrease year-on-year.

Management’s Perspective

Mr. Sachit Jain, Vice Chairman & Managing Director of Vardhman Special Steels Ltd., attributed the decline in revenue and EBITDA to accounting adjustments from the previous year. He emphasized the company’s commitment to operational optimization and expressed confidence in long-term growth despite short-term financial impacts.

Share Price Movement

As of February 14, 2024, Vardhman Holdings’ share price was Rs 3,240.00. While it experienced a slight decline recently, investors should consider the overall market dynamics and the company’s strategic initiatives.

Subscribe to Sarkari Result to stay informed. Get the latest celebrity news and detailed movie reviews in real-time. Keep up with the constantly changing world of entertainment with Sarkari Exam.

About Vardhman Holdings Limited :

Vardhman Holdings Limited is a significant player in the Indian market. As India’s largest vertically integrated textile manufacturer, it boasts multiple production facilities across the country. Let’s explore more about this company:

Business Overview:

• Core Business: Vardhman Holdings Limited operates as a non-banking financial company in India.
• Activities: It is primarily engaged in lending and investing activities.
• History: The company was formerly known as Vardhman Spinning and General Mills Limited and changed its name to Vardhman Holdings Limited in March 2006.

Vertical Integration:

• Vardhman Holdings stands out due to its complete in-house control over each stage of production. This vertical integration ensures unmatched agility, flexibility, consistency, reliability, traceability, and sustainability.
• The company’s operations span yarns, fabrics, and processing, making it a comprehensive textile producer.

Vardhman Holdings’ Q3 results provide valuable insights into their financial health. As investors, it’s crucial to analyze these figures in context and stay informed about the company’s future plans and targets. Keep an eye on further announcements and market developments to make informed decisions.

Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.