2 weeks Ago By Pawan Kumar
New Delhi: Vishal Fabrics, a part of the Chiripal Group, stock is expected to remain in focus on Monday. The company has announced its results for the second quarter of FY25. The company’s net profit surged 46 per cent year-on-year (YoY) to Rs 6.
50 crore, up from Rs 4.45 crore reported in the same quarter last year. The company also reported Rs 384.
78 crore in Q2FY25, compared to Rs 309.08 crore in the corresponding quarter of the previous year, a 24 per cent increase in revenue. Vishal Fabrics managed to keep its operational expenses under control, cutting total expenditures by 20 per cent during the quarter, which stood at Rs 372.
81 crore. Vishal Fabrics Share Price Performance On Friday, the stock climbed by 2 per cent, reaching an intraday high of Rs 28.83.
So far this year, the stock has gained 32 per cent, while it has surged 45 per cent over the past year. Over the long term, the stock has delivered a gain of 700 per cent. Vishal Fabrics: Market ValueThe company now holds a market cap of Rs 560 million.
Vishal Fabrics: Dividend AnnouncementIn 2022, Vishal Fabrics issued a 2:1 bonus, giving investors two additional shares for every share held. About Vishal FabricsVishal Fabrics, a key player in the textile and fabric industry was established in 1985 and headquartered in Ahmedabad. The company specializes in a variety of fabrics, including dyed yarn cotton, denim, and custom-made fabrics.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.) Get Latest News Live on Times Now along with Breaking News and Top Headlines from Markets, Business Economy and around the world.
.
