Latest news with #DharmeshDattani
Fibre2Fashion
4 days ago
- Business
- Fibre2Fashion
India's Vishal Fabrics' income climbs 17% in Q1 FY26
Vishal Fabrics Limited's total income grew by 17 per cent to ₹397.18 crore (~$45.42 million) in the first quarter (Q1) of fiscal 2026 (FY26) as compared to ₹340.10 crore (~$38.89 million) in the corresponding quarter of the previous financial year. The consolidated net profit stood at ₹9.16 crore (~$1.05 million) for the quarter, reflecting a strong growth of 92 per cent as against ₹4.78 crore (~$0.55 million) in Q1 FY25. The performance was driven by healthy revenue momentum, efficient cost management, and strategic business initiatives, the company said in a press release. Vishal Fabrics reported a 17 per cent rise in Q1 FY26 income to ₹397.18 crore (~$45.42 million) and a 92 per cent jump in net profit to ₹9.16 crore ($1.05 million), driven by strong revenue, cost efficiency, and strategic initiatives. CFO Dharmesh Dattani highlighted growth opportunities from the UK FTA and plans to expand into Latin America, Europe, Africa, and Bangladesh. "Sustained focus on efficiency and quality was the key trigger to nearly doubling our PAT. The Indian textile industry is going through an interesting phase, with the recently concluded FTA with the UK which will open up newer opportunities for the sector. We are extremely bullish on the future of the industry,' Dharmesh Dattani, CFO of Vishal Fabrics Limited , said. 'The company will continue to focus on new geographies for growth, operational efficiency, and value-added product offerings. In the quarters to come our focus will be to expand our presence in Latin America, Europe, Africa and Bangladesh,' concluded Dattani. Fibre2Fashion News Desk (RR)
News18
08-08-2025
- Business
- News18
Vishal Fabrics June quarter profit rises 92 pc to Rs 9.16 cr
Agency: New Delhi, Aug 8 (PTI) Leading denim fabric manufacturer Vishal Fabrics on Friday reported a 92 per cent jump in profit after tax to Rs 9.16 crore for the April-June quarter compared to Rs 4.78 crore in the year-ago period. The Chiripal Group company reported a 17 per cent increase in total income to Rs 397.18 crore in the June quarter compared to Rs 340.10 crore in the corresponding quarter of the previous financial year, according to a statement. The performance was driven by healthy revenue momentum, efficient cost management, and strategic business initiatives, it said. 'The Indian textile industry is going through an interesting phase, with the recently concluded FTA with UK which will open up newer opportunities for the sector," Dharmesh Dattani, CFO of Vishal Fabrics, said. view comments First Published: August 08, 2025, 19:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India.com
09-07-2025
- Business
- India.com
THIS company approves conversion of 80.67 lakh warrants, shares in focus: Check details here
25 महीने में करोड़पति बन गए निवेशक Gujarat-based textile company Vishal Fabrics has informed exchanges that its board has considered and approved the allotment of equity shares upon conversion of 80.67 warrants. As a result, the stock is in focus today. The scrip opened in green at Rs 39.20 on the BSE against the previous close of Rs 38.71. It gained slightly to touch the intraday high of Rs 39.40. The 52-week high of the counter is Rs 42.88, and the 52-week low of Rs 21.05. 'Considered and approved the allotment of equity shares having face value of Rs. 5/- each, upon conversion of 8067176 warrants applied by Elysian Wealth Fund (Formerly known as Silver Stallion Limited)- 'Non-Promoter, Public Category', issued at an issue price of Rs. 30.60/- each on preferential basis, upon receipt of amount aggregating to Rs. 18,51,41,689.20/- (Rupees Eighteen Crore Fifty One Lakhs Forty One Thousand Six Hundred and Eighty Nine and Twenty Paisa only) at the rate of Rs. 22.95/- (Rupees Twenty-Two and Ninety-Five Paise only) per warrant,' the filing reads. Technically, the scrip is trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. According to BSE Analytics, the counter has delivered a 128 per cent return over two years and a 54 per cent return in one year. Despite global challenges and industry headwinds, the Gujarat-based textile company has shown resilience. Earlier, denim fabric manufacturer Vishal Fabrics Ltd. reported a 13% rise in profit to Rs 28.84 crore for the financial year ended March 31, 2025. The company had reported a profit of Rs 21.13 crore in the year-ago period. The total income of the Chiripal Group company rose by 5 per cent to Rs 1,521.43 crore in 2024-25 from Rs 1,451.29 crore in FY24. 'Despite global challenges and industry headwinds, our focus on efficiency, quality, and customer satisfaction has enabled us to achieve consistent growth,' Dharmesh Dattani, CFO of Vishal Fabrics Limited, said. Vishal Fabrics is not resting on its laurels. The company is strategically strengthening its presence in domestic and international markets through innovation in sustainable manufacturing and digital transformation, the company said in a statement. With PTI inputs
India.com
23-05-2025
- Business
- India.com
THIS company's profit rises 13 percent in FY25 despite 'industry headwinds'
इंवेस्टमेंट से पहले रिस्क को जांच लें New Delhi: Denim fabric manufacturer Vishal Fabrics Ltd on Thursday said its profit rose by 13 percent to Rs 28. 84 crore in the financial year ended on March 31, 2025, despite global challenges and industry headwinds. The company had reported a profit of Rs 21. 13 crore in the year-ago period. Total income of the Chiripal Group company rose by 5 per cent to Rs 1,521. 43 crore in 2024-25 from Rs 1,451. 29 crore in FY24. 'Despite global challenges and industry headwinds, our focus on efficiency, quality, and customer satisfaction has enabled us to achieve consistent growth,' Dharmesh Dattani, CFO of Vishal Fabrics Limited, said. Vishal Fabrics continues to strengthen its presence in domestic and international markets through innovation in sustainable manufacturing and digital transformation, the company said in a statement. With PTI Inputs
Time of India
22-05-2025
- Business
- Time of India
Vishal Fabrics profit rises 13% in FY25 despite 'industry headwinds'
Denim fabric manufacturer Vishal Fabrics on Thursday said its profit rose by 13 per cent to Rs 28.84 crore in the financial year ended on March 31, 2025, despite global challenges and industry headwinds . The company had reported a profit of Rs 21.13 crore in the year-ago period. Total income of the Chiripal Group company rose by 5 per cent to Rs 1,521.43 crore in 2024-25 from Rs 1,451.29 crore in FY24. "Despite global challenges and industry headwinds, our focus on efficiency, quality, and customer satisfaction has enabled us to achieve consistent growth," Dharmesh Dattani , CFO of Vishal Fabrics Limited, said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More Undo Vishal Fabrics continues to strengthen its presence in domestic and international markets through innovation in sustainable manufacturing and digital transformation , the company said in a statement.
