Income from operations rose to Rs 384.79 crore in the first quarter of this fiscal, from Rs 91.82 crore in the corresponding period of the previous year, according to a regulatory filing.
“The company has been on a growth trajectory over the quarter and the current financial performance has shown steady growth,” SVP group CEO O P Gulia said in a statement.
Established in 1898, by Shri Vallabh Pittie Group, Mumbai-based SVP Global Ventures Ltd is primarily engaged in the business of manufacturing 100 per cent Combed Compact Cotton and blended yarn across its various manufacturing facilities.
Combed cotton is a softer version of regular cotton.
The company exports yarn to leading textile manufacturing countries, Vietnam, Bangladesh, China, Pakistan, Turkey and Portugal.
In the last fiscal year, the company posted a net profit of Rs 24.85 crore over a total income of Rs 1,422.4 crore.
