Vardhman Textiles Q4 profit down 42% to Rs 90.20 cr

Vardhman Textiles today posted a decline of nearly 42 per cent in its net profit at Rs 90.20 crore for the fourth quarter ended March 31, 2015.
The company had posted a net profit of Rs 154.32 crore for the same period of previous fiscal, Vardhman Textiles said in a BSE filing.
However, net sales of the company increased 9.79 per cent during January-March period under review to Rs 1,407.79 crore as against Rs 1,282.21 crore of same period of last fiscal.
For the entire fiscal ended March 2015, Vardhman Textiles' net profit declined 44.91 per cent to Rs 359.11 crore as against Rs 651.88 crore in the previous fiscal.

However Vardhman Textiles' net sales increased 12.66 per cent to Rs 5,887.15 crore in FY15 as against Rs 5,225.37 crore in FY14.
Meanwhile, in a separate filing, Vardhman Textiles informed that its board has recommended a dividend of Rs 10 per share on fully paid up equity shares of the company.