Vardhman Polytex Ltd 2018 AR2
The report outlines the financial and operational performance of Vardhman Polytex Limited for the fiscal year ended March 31, 2018. During the year, the company faced significant challenges, including volatility in yarn and cotton prices, high debt, and liquidity constraints, resulting in a decrease in net operating revenue to Rs 621.35 Crores. To mitigate these risks, the company focused on product innovations, cost reduction, improving efficiencies, and financial restructuring. Additionally, the company's subsidiary, F.M. Hämmerle Textiles Ltd., entered the Corporate Insolvency Resolution Process during the year.
Company: Vardhman Polytex Ltd
Sector: Manufacturing
Country: India
Year: 2018
Type: AR2
Pages: 128
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Vardhman Polytex Ltd
Annual Report
The report outlines the financial and operational performance of Vardhman Polytex Limited for the fiscal year ended March 31, 2018. During the year, the company faced significant challenges, including volatility in yarn and cotton prices, high debt, and liquidity constraints, resulting in a decrease in net operating revenue to Rs 621.35 Crores. To mitigate these risks, the company focused on product innovations, cost reduction, improving efficiencies, and financial restructuring. Additionally, the company's subsidiary, F.M. Hämmerle Textiles Ltd., entered the Corporate Insolvency Resolution Process during the year.
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Document Details
Report Year
2018
Reporting Period
Apr 1, 2017 - Mar 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees