The Textile Industry is undergoing continuous stress due to rising cotton prices during the FY 22. The pressure is likely to continue till arrival of new crop in Sep 22. The spinning mills have taken the major hit. In spite of the prevailing situation, SVP Global Textiles Ltd has reported financial results in FY21-22 with net profit of Rs 71.28 cr (Net Profit Margin 4.00 percent) for FY22 as against net profit of Rs. 24.85 cr (Net Profit Margin 1.75 percent) in the corresponding period last year, growth of 186.84 percent. Income from operations for FY22 was reported at Rs. 1778.37 cr, higher by 25.03 percent over previous fiscal’s same period income of Rs. 1422.40 cr. EBITDA for FY22 was reported at Rs. 303.61 cr (EBITDA Margin 17.07 percent), rise of 29.64 percent as compared to EBITDA of Rs. 234.19 cr (EBITDA Margin 16.46 percent) in FY21. EPS for FY22 was reported at Rs. 5.67 per share as compared to Rs. 1.98 per share in FY21.

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