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SVP GLOBAL TEXTILES LIMITED Earnings Release 2021
60979_rns_2021-07-01_427b81c0-0eb0-40f1-befb-99278582c986.pdf
Earnings Release
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SVP GLOBAL VENTURES LIMITED ee tae Email: [email protected] . CIN : L17290MH1982PLC026358 Website : www.svpglobal.co.in
Date: July 01, 2021
To, The General Manager, Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalai Street, Fort Mumbai - 400 001
Sub: Media Release
Ref: Scrip Code: 505590
Dear Sir/ Madam,
Please find enclosed media release by the Company, titled "Consolidated Financial performance for Q4 FY21",
This is for your information and dissemination on your website.
Thanking you,
Yours faithfully, For SVP Global Ventures Limited
v (\er Navite Sharma
Company Secretary
Encl: As above
Consolidated Financial Performance for Q4 FY21
- ¥ Total Income of Rs. 571 Crs up by 78%
- ¥ EBIDTA of Rs. 94 Crs up by 41%
- v_ PAT of Rs. 38.3 turned POSITIVE
Investor Release: 30 June 2021, Mumbai
SVP Global Ventures Limited has declared its Audited Financial Results for the Quarter & Year ended March 31, 2021
Financials at a Glance for Q4FY21:
Significant growth in Income & Profitability
Commenting on the results and performance for Q4 & FY21, Major General O.P. Gulia, President for SVP Global Ventures Limited said:
"Q4FY21 was a remarkable performance for the company with Revenue of Rs. 571.1 Crs. , EBITDA of Rs. 93.6 Crs. and a quarterly PAT of Rs. 38.3 crs. Total income was up 78% for Q4FY21.
The company has paid an interim dividend of 5% and the Board has further recommended final dividend of 3%, aggregating to 8% dividend for FY21.
We have witnessed consistent improvement in our performance on quarter-on-quarter basis and are optimistic of growth momentum going forward as well.
Demand revival from the yarn market plus our venture into the high margin cotton compact yarn are yielding good results for us and the demand for our products is seeing increased traction.
Compact cotton yarn contributed 84% & traditional yarn contributed 16% for FY21 as compared to 75% & 25% for FY20, respectively.
With increase in volumes and strong order book in hand we are envisaging a positive momentum in the business. Shift in product mix with export opportunities in the hindsight from our Oman facility, should give further boost to our operating margins going forward,"
Safe Harbor Statement
| CLOBAL VENTURES LTD. |
Limited Ventures Global SVP |
|---|---|
| Safe Harbor Statement Statements in this document relating to future status, events, or circumstances, including statements about plans progress and and but not limited objectives, results the of to research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and current and developing circumstances. anticipated events Such of future the effects on numerous statements uncertainties necessarily subject and and not risks are are to predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward statements to reflect actual results changed assumptions or other factors. looking |
|
| For further information, please contact | |
| Company : |
Investor Relations Advisors : |
| a GLOBAL |
G orient capital |
| CIN: L17290MH1982PLC026358 Mr. Prakash Saraogi - Ex. Vice President [email protected] |
Mr. Sagar Shroff [email protected] +91 98205 19303 |