The company posted an EBIDTA of Rs 94 crores in Q4FY21
Cotton yarn manufacturer SVP Global Ventures recently got listed on the National Stock Exchange (NSE) in Mumbai.
Speaking at the inaugural ceremony Chirag Pittie, Whole Time Director, SVP Global Ventures said, “Today SVP Global Ventures has achieved another milestone in its journey of growth. The company is the leading manufacturer of compact cotton yarn in the world. The company is on a growth trajectory. We have achieved sustained growth year on year. Listing of the company on the NSE will provide wider coverage and opportunity to more number of retail investors to participate in the growth story.”
Earlier this month the company announced its Q4FY21 and FY21 results. Speaking about the sustained growth Maj Gen OP Gulia, CEO, the Group said, “The company recovered strongly from the COVID-19 lockdown in the first half of the year and posted EBIDTA of Rs 94 Crores in Q4FY21, a growth of 41.4 per cent YoY and net profit of Rs 38.25 crore for the quarter ended March 2021. The revenue rose to Rs 571.1 crore during the fourth quarter.”
