Vardhman Textiles announced that the Board of Directors of the Company at its meeting held on 12 May 2018, inter alia, have recommended the final dividend of Rs 15 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Net profit of Vardhman Textiles rose 3.26% to Rs 163.68 crore in the quarter ended March 2018 as against Rs 158.52 crore during the previous quarter ended March 2017. Sales declined 5.44% to Rs 1509.63 crore in the quarter ended March 2018 as against Rs 1596.52 crore during the previous quarter ended March 2017.

For the full year,net profit declined 40.78% to Rs 581.19 crore in the year ended March 2018 as against Rs 981.42 crore during the previous year ended March 2017. Sales rose 3.62% to Rs 6248.27 crore in the year ended March 2018 as against Rs 6029.95 crore during the previous year ended March 2017.

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Net profit of Vardhman Textiles declined 15.81% to Rs 159.06 crore in the quarter ended March 2018 as against Rs 188.92 crore during the previous quarter ended March 2017. Sales declined 5.45% to Rs 1417.25 crore in the quarter ended March 2018 as against Rs 1498.98 crore during the previous quarter ended March 2017.

For the full year,net profit declined 45.51% to Rs 545.76 crore in the year ended March 2018 as against Rs 1001.59 crore during the previous year ended March 2017. Sales rose 2.82% to Rs 5851.37 crore in the year ended March 2018 as against Rs 5690.95 crore during the previous year ended March 2017.

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Vardhaman Textiles announced that its Board of directors in the meeting held on 12 May 2018 have recommended dividend of Rs 15 per share on fully paid up equity shares of the company. This dividend shall be paid by September end 2018.

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