Ahmedabad, May 2022, Vishal Fabrics Limited (BSE: 538598) (NSE: VISHAL) announced its audited standalone financials for the fourth quarter ended 31^st March 2022.

Commenting on the performance, Mr. Brijmohan Chiripal, Managing Director, said, “I am happy to announce that we have achieved highest ever Revenue, EBITDA & PAT in financial year 2021-22, despite challenging environment. Our remarkable performance in FY22 was fueled by our team’s extraordinary efforts to set new records.”

Commenting on the performance, Mr. Vinay Thadani, Chief Executive Officer, said, “We believe that we have built a strong foundation for the future with sustainable and profitable growth for the long term. At Vishal Fabrics, we believe in stable and supreme performance with our focus will be on maximizing the revenue growth going ahead. Large interest is to build the profitability by maintaining cost control measures and focus on improving return ratios and maintaining healthy balance sheet position by following our asset-light model.”

Standalone Financial Performance:

Sales Volume Performance:

Financial & Business Highlights:

Revenue

The Company recorded Revenue of Rs.426 Crs during Q4FY22, as against Rs.388 Crs in Q4FY21, a growth of 10%.

Revenue for the FY22 stands at Rs.1,547 Crs, as against Rs.968 Crs in FY21, a growth of 60%.

EBITDA  

EBIDTA for Q4FY22 stood at Rs.44 Crs as compared to Rs.41 Crs for Q4FY21, a growth of 8%.

EBIDTA margins for Q4FY22 stood at 10.4% as compared to 10.6% in Q4FY21, a de-growth of 13bps.

EBIDTA for FY22 stood at Rs.161 Crs as compared to Rs.88 Crs for FY21, a growth of 83%

EBIDTA margins for FY22 stood at 10.4% as compared to 9.1% in FY21; a growth of 131 bps

Various cost measures taken during the year helped to achieve EBITDA margins

PAT

Net profit after tax for Q4FY22 stood at Rs.20 Crs as compared to Rs.14 Crs for Q4FY21, a growth of 41%

Net profit after tax for FY22 stood at Rs.69 Crs as compared to Rs.18 Crs for FY21, a growth of 281%

EPS for Q4FY22 stood at Rs. 0.99

EPS for FY22 stood at Rs. 3.49

Debt Reduction:

We target to reduce debt by Rs. 35-40 Crs in FY23 out of which Rs.9 Crs has already been paid in April 2022.