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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