Vishal Fabrics Reported an All-round Performance for Q2FY20 (Sales up by 23% YoY and PAT up by 39% YoY)

/ -- Vishal Fabrics Limited, one of the leading manufacturers of Denim Fabric reported its Un-Audited Financial Result along with limited review Report for the quarter and half year ended 30th September, 2019.

Financial Highlights Q2 & H1FY20:
Revenue increased by 23% YoY to Rs 293.05 Cr in Q2FY20 and by 30% YoY to Rs 626.7 Cr. in H1FY20
EBITDA increased by 172% YoY to Rs 10.34 Cr in Q2FY20, and 94% up YoY to Rs. 47.69 Cr. in H1FY20
PAT stood at Rs 8.59 Cr up 39% YoY as on Q2FY20 and Rs 16.61 Cr up by 97% as on H1FY20
Summary of Results
(Rs in Cr)
Particulars
Q2FY20
Q2FY19
YoY (%)
H1FY20
H1FY19
YoY (%)
Revenue
293.05
237.41
23%
626.70
483.78
30%
EBITDA
23.13
10.34
172%
47.69
24.59
94%
PAT
8.59
6.19
39%
16.61
8.45
97%
Performance Highlights
Mr. Brijmohan Chiripal, Managing Director of the company, stated that, "Significant improvement in capacity utilisation leads to better efficiency and higher profit margins. We expect capacity utilisation to improve going ahead, also enhancing our operating leverage."
He added, "We are delighted to share our business expansion in newer geographies covering South Asian countries, MENA region. The company has developed its business with various Indian brands such as Jack & Jones, Flipkart, Myntra, Aditya Birla Group, Pantaloons and Lifestyle. Further, The company has made its presence with some International brands such as Austin, PEPCO and OVS."
About Vishal Fabrics Limited
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