Vardhman Textiles Ltd (BOM:502986)
₹ 476.45 0.75 (0.16%) Market Cap: 137.78 Bil Enterprise Value: 152.40 Bil PE Ratio: 21.43 PB Ratio: 1.51 GF Score: 85/100
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Q2 2020 Vardhman Textiles Ltd Earnings Call Transcript

Nov 11, 2019 / 09:30AM GMT
Release Date Price: ₹176.81 (+0.60%)
Operator

Good afternoon, everyone. On behalf of IIFL, I would like to welcome all of you to the 2Q FY '20 Conference Call for Vardhman Textiles. From the company, we have with us the key senior management, including Mr. Neeraj Jain, Joint Managing Director; Mr. Sushil Jhamb, Director, Raw Materials; Mr. Rajeev Thapar, CFO; Mr. Mukesh Bansal, Senior Vice President, Fabric Marketing; and Akshay Jain, Finance Head.

I would now like to hand over the call to the management for their comments. Over to you, sir.

Akshay Jain;Head of Finance

So I'll just go through the numbers before we hand over for management commentary. So on a sequential basis, we had a flattish quarter. Top line went up -- was flat, up about 14 basis points. EBITDA, slightly better -- came in slightly better, up about 8% sequentially. This is -- and PAT, up sequentially about 15%. But from a year-on-year perspective, we are still slightly behind where we were last -- similar to last year, with PAT dropping around 40%. This is in line with the commentary that we have been sharing with our

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