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* - Tentative Dates
The company intends to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses for the following objects:
Vardhman Polytex Ltd.'s revenue decreased by -36% and profit after tax (PAT) dropped by -1894% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 275.6 | 291.41 | ||||||||||||||||||
| Revenue | 399.61 | 621.67 | ||||||||||||||||||
| Profit After Tax | -26.76 | 1.49 | ||||||||||||||||||
| Net Worth | -361.04 | -362.31 | ||||||||||||||||||
| Reserves and Surplus | -394.32 | -382.81 | ||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||
Vardhman Polytex Limited was founded in August 1980. The company is engaged in the manufacture of cotton and blended yarns. It has manufacturing facilities in Ludhiana and Nalagarh in India. The main activity of the company is the manufacture of yarns and garments. The product range includes yarns and garments. The company generates most of its revenue from the textile business.
The company's diverse yarn portfolio includes cotton (combed, organic, BCI), cotton-polyester blends and high quality yarns (grey) in different yarn counts using the best raw materials.
The company is very familiar with textile technology as it has been active in this field for 7 decades. Its spinning technology has globally recognised machines from Germany, Switzerland, Italy, USA, Japan and India from renowned manufacturers like Rieter LMW, Kirloskar Totoya, Murata, Schlafhorst, Suessen, Loptex, Uster, Premier Evolvics, Mesdan, Volkmann and Luwa, which ensure the quality of products and efficiency of operations.
