Maj Gen OP Gulia, (Retd), CEO, SVP Global Ventures Ltd
Revenue rise 9.7% to Rs. 406.7 crore; EBITDA grew 11.6% to Rs. 94.66 crore in Q3FY22
The company has recently changed its name to SVP GLOBAL TEXTILES LTD from SVP GLOBAL VENTURES LTD
Mumbai, 14 February 2022: India’s leading compact cotton yarn manufacturer and one of the fastest-growing multinational textile companies, SVP Global Textiles Ltd, has reported a net profit of Rs. 41.23 crore for the Q3FY22 ended December 2021, as against a net profit of Rs. 33.29 crore in Q3FY21, a growth of 23.87%. EBITDA for Q3FY22 was reported at Rs. 94.66 crore (EBITDA Margin 23.27%) as compared to EBITDA of Rs. 84.81 crore (EBITDA Margin 22.89%) in Q3FY21, a growth of 11.62%. Income from Operations for the Q3FY22 was reported at Rs. 406.69 crore, growth of 9.75% over previous fiscal’s same period income from operations of Rs. 370.55 crore. EPS for Q3FY22 was reported at Rs. 3.26 per share.
Financial Highlights (Consolidated) (Amount in crore)
| Q3 FY22 | Q3 FY21 | Y-O-Y | 9M FY22 | 9M FY21 | Y-O-Y | |
| Income from Operations | 406.69 | 370.55 | 9.75% | 1,192.95 | 826.37 | 30.79% |
| EBITDA | 94.66 | 84.81 | 11.62% | 279.11 | 140.6 | 49.63% |
| EBITDA Margin (%) | 23.27 | 22.89 | 23.4 | 17.01 | ||
| Net Profit | 41.23 | 33.29 | 23.87% | 121.27 | (13.41) | NA |
| Net Profit Margin (%) | 10.14 | 8.98 | 10.17 | (1.62) | ||
| E.P.S (Rs.) | 3.26 | 2.631 | 23.9% | 9.59 | (1.06) | NA |
The company plans to be a fully integrated Textile Company from Fiber to Fashion with forwarding integration into fabric and garments. The company is also setting up a 4,375 MT per annum green-field facility for Technical textiles at Jhalawar, Rajasthan, with a CAPEX of Rs. 100 crore. The company has recently changed its name to SVP Global Textiles Ltd from SVP Global Venture Ltd.
Commenting on the results and performance, Maj Gen OP Gulia, SM, VSM (retd), CEO, SVP Global Textiles Ltd, said, “In spite of challenging business environment post-Covid, company has reported steady performance during the quarter across all segments. All our expansion plans are going as scheduled, Oman Plant is running at optimum capacity, and our foray into technical textiles is also going as planned. We are confident of achieving 25-30% growth in revenue post completion of the expansion plans. Economy and business activities are picking up momentum, and we are confident to post better growth numbers in Q4 FY22.”
For the nine months ended December 2021, the company posted a net profit of Rs. 121.27 crore (PAT Margin 10.17%). Income from Operations for the 9MFY22 was reported at Rs. 1192.95 crore, growth of 30.79% over previous fiscal’s same period income from operations of Rs. 826.37 crore. EBITDA for 9MFY22 was reported at Rs. 279.11 crore (EBITDA Margin 23.4%). EPS for 9MFY22 was reported at Rs. 9.59 per share.
Established in 1898 by Shri Vallabh Pittie, SVP Group is engaged in the manufacturing of polyester, polyester & cotton blend, and 100% cotton yarn across 3 state-of-the-art manufacturing facilities in Jhalawar (Rajasthan), Ramnad (Coimbatore) and Sohar (Oman). The company has a 125 year legacy in textiles and has the vision to become a world-leading, fully integrated textile company in manufacturing yarn, fabric and garments. The order book of the company currently stands at over Rs. 5000 crore.
SVP Global is among the top 2% Indian Manufacturers with technology less than 5 years old and output of 153-154 grams per spindle per shift, which is the highest in the industry. Company’s manufacturing facilities are equipped with the latest technology automated machinery equipped with Artificial Intelligence and IOT capabilities from Blow Room to Windling. SVP Global is accredited as an approved supplier for leading brands, including IKEA and Zara. Certifications from OCS, GOTS, BCI, OEK-TEX, STD 100, Fair Trade, SUPIMA Gold and ISO.
I have been exploring for a bit for any high quality articles or blog posts in this kind of space . Exploring in Yahoo I eventually stumbled upon this site. Reading this information So i am satisfied to exhibit that I’ve an incredibly just right uncanny feeling I came upon exactly what I needed. I most definitely will make certain to do not put out of your mind this web site and provides it a look on a relentless basis.
I truly appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thank you again
Amazing blog! Do you have any helpful hints for aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally overwhelmed .. Any suggestions? Thank you!
I am incessantly thought about this, appreciate it for posting.
Simply want to say your article is as surprising. The clarity in your post is just nice and i could assume you’re an expert on this subject. Well with your permission let me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please carry on the gratifying work.
Super-Duper blog! I am loving it!! Will be back later to read some more. I am bookmarking your feeds also
The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.
I would like to thank you for the efforts you have put in writing this site. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has encouraged me to get my own site now. Actually the blogging is spreading its wings quickly. Your write up is a good example of it.
Hello, you used to write excellent, but the last several posts have been kinda boring?K I miss your great writings. Past few posts are just a bit out of track! come on!
Very nice post. I just stumbled upon your blog and wanted to say that I have truly enjoyed browsing your blog posts. In any case I will be subscribing to your feed and I hope you write again very soon!
I enjoy, lead to I found exactly what I used to be looking for. You have ended my four day lengthy hunt! God Bless you man. Have a nice day. Bye
I like this post, enjoyed this one thanks for posting.
This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!
Greetings! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche. Your blog provided us useful information to work on. You have done a marvellous job!
You have remarked very interesting points! ps decent website.
Thanks for helping out, wonderful info. “It does not do to dwell on dreams and forget to live.” by J. K. Rowling.
I keep listening to the news broadcast speak about receiving free online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i acquire some?
There is noticeably a bundle to know about this. I assume you made certain nice points in features also.
Really Appreciate this article, can you make it so I receive an update sent in an email whenever there is a new post?
I loved as much as you will receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this increase.
I dugg some of you post as I thought they were extremely helpful extremely helpful