Mumbai-based leading textile company SVP Global Ventures Ltd. has declared its Q1 FY22 results.
The company, known for cotton yarn manufacturing, sustained the growth posted in the last 2 quarters despite the second wave of COVID-19, which affected the manufacturing industry adversely; in spite of the decline in revenue, EBITDA and PAT margins increased.
As per a statement of the company, its income for Q1 FY22 stood at Rs. 411.85 crore.
The company’s EBITDA stood at Rs. 91.38 crore in Q1 FY22, with margins increasing from 16.4 per cent in Q4 FY21 to 22.19 per cent.
The consolidated Profit after Tax (PAT) of the company for Q1 FY22 stood at Rs. 39.18 crore, increasing from 6.74 per cent in Q4 FY21 to 9.51 per cent, maintaining the growth trajectory.
The company claims to have continual focus on investing in the best technology, besides identifying manufacturing locations that provide logistic and cost efficiencies.
Importantly, the company was also recently listed on the National Stock Exchange.
Also Read: SVP Global Ventures Ltd. listed on NSE