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SVP Global Financial Results Show Sustained Growth

Jul 05, 2021
SVP Global Financial Results Show Sustained Growth

Mumbai, Maharashtra

 

SVP Global Ventures Limited, in its Consolidated Audited Financial Results for the Quarter & Year ended March 31, 2021, shows a strong rebound in Q2FY21 and sustained performance in Q3FY 21 & Q4FY21. SVP Global Ventures Limited, headquartered in Mumbai, has declared its Financial Results which shows that Q4FY20 & Q1FY21 operations were impacted by the COVID-19 pandemic. The main highlights are:

 

      Revenue for Q4FY21 stood at Rs 5.7 billion as compared to Rs.3.2 billion in Q4FY20 with a Y-o-Y growth of 77.8%.

      Operational efficiencies, better product mix and cost rationalization led to a considerable increase in margins on a sustainable basis.

      Increase in Q4FY21 quarterly Revenue, EBITDA, PAT and EPS both on Y-o-Y basis and Q-o-Q basis, enabling overall profit after tax of Rs. .24 billion in FY 21.

 

Major General O P Gulia, President, SVP Global Ventures Limited, said that, the company is focussed on sustaining the growth momentum and constantly evaluating prospects to expand business, thereby enhancing value for the stakeholders. As they drive forward in the journey of progress and profitability, he firmly believes the shareholders would support them in the endeavour.

     

Established in 1898 by Shri Vallabh Pittie, SVP Global Ventures started its business journey as a trader to become one of India's largest compact cotton yarn manufacturers with a combined experience of promoters and management for over 2 decades. The Company is headquartered in Mumbai and is primarily engaged in manufacturing polyester, polyester & cotton blend, and 100% cotton yarn.

 

Source: SVP Global Press Release

Image Source: Google Images

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