Vedant Fashions has allotted 9,741 equity shares under ESOS on 17 December 2024. With this allotment, the paid up equity share capital has increased to Rs. 24,29,22,373/- divided into 24,29,22,373 equity shares of Re. 1/- each. Powered by Capital Market - Live

Revenue from operations grew 22.73% to Rs 267.94 crore in the quarter ended 30 September 2024. Profit before tax jumped 39.27% to Rs 90.21 crore in Q2 FY25 as against with Rs 64.77 crore posted in the corresponding quarter previous year. Total expenses fell 16.80% year on year to Rs 196.97 crore in Q2 FY25. Cost of raw material consumed stood at Rs 39.91 crore (up 33.07% YoY) while finance cost was at Rs 13.72 crore (up 28.46% YoY). EBITDA in Q2 FY25 stood at Rs 1,217 crore, registering a growth of 27.5% on YoY basis. EBITDA margin improved to 45.4% as compared to 43.7% recorded in the corresponding quarter previous year. On half year basis the company's consolidated net profit decreased 8.01% to Rs 129.39 crore in H1 FY25 as against Rs 140.66 crore posted in H1 FY24. The company's revenue from operation declined 4.17% YoY to Rs 507.76 crore in H1 FY25. Vedant Fashions is primarily engaged in manufacturing, trading and sale of readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan. Powered by Capital Market - Live

Net profit of Vedant Fashions rose 37.32% to Rs 66.90 crore in the quarter ended September 2024 as against Rs 48.72 crore during the previous quarter ended September 2023. Sales rose 22.74% to Rs 267.95 crore in the quarter ended September 2024 as against Rs 218.30 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales267.95218.30 23 OPM %45.5342.51 - PBDT127.5197.23 31 PBT90.2264.78 39 NP66.9048.72 37 Powered by Capital Market - Live

Vedant Fashions has allotted approved the allotment of 4,266 equity shares of face value of INR 1/- each to the eligible employees of the Company who have exercised their stock options under the VFL Employee Stock Option Scheme 2018 - Scheme Pratham (or the Scheme).Powered by Capital Market - Live

Vedant Fashions will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

Indigo Paints Ltd, G R Infraprojects Ltd, BEML Ltd, Aditya Birla Sun Life AMC Ltd are among the other stocks to see a surge in volumes on BSE today, 16 October 2024.Vedant Fashions Ltd registered volume of 4.72 lakh shares by 10:47 IST on BSE, a 39.26 fold spurt over two-week average daily volume of 12024 shares. The stock rose 0.27% to Rs.1,330.95. Volumes stood at 6322 shares in the last session.Indigo Paints Ltd saw volume of 69912 shares by 10:47 IST on BSE, a 3.94 fold spurt over two-week average daily volume of 17722 shares. The stock increased 4.80% to Rs.1,577.35. Volumes stood at 9609 shares in the last session.G R Infraprojects Ltd recorded volume of 10712 shares by 10:47 IST on BSE, a 3.19 times surge over two-week average daily volume of 3360 shares. The stock gained 1.58% to Rs.1,647.60. Volumes stood at 1384 shares in the last session.BEML Ltd notched up volume of 43315 shares by 10:47 IST on BSE, a 2.89 fold spurt over two-week average daily volume of 14990 shares. The stock rose 4.39% to Rs.3,882.95. Volumes stood at 19647 shares in the last session.Aditya Birla Sun Life AMC Ltd notched up volume of 42195 shares by 10:47 IST on BSE, a 2.68 fold spurt over two-week average daily volume of 15730 shares. The stock rose 8.42% to Rs.757.00. Volumes stood at 5469 shares in the last session.Powered by Capital Market - Live

Poly Medicure Ltd, Emami Ltd, Esab India Ltd, Berger Paints India Ltd are among the other stocks to see a surge in volumes on BSE today, 14 October 2024.Vedant Fashions Ltd recorded volume of 64001 shares by 10:47 IST on BSE, a 12.31 times surge over two-week average daily volume of 5199 shares. The stock lost 0.98% to Rs.1,309.60. Volumes stood at 5637 shares in the last session.Poly Medicure Ltd registered volume of 14973 shares by 10:47 IST on BSE, a 4.46 fold spurt over two-week average daily volume of 3354 shares. The stock rose 5.85% to Rs.2,481.55. Volumes stood at 2959 shares in the last session.Emami Ltd recorded volume of 1.07 lakh shares by 10:47 IST on BSE, a 4.09 times surge over two-week average daily volume of 26206 shares. The stock lost 2.48% to Rs.712.45. Volumes stood at 5697 shares in the last session.Esab India Ltd registered volume of 1716 shares by 10:47 IST on BSE, a 3.95 fold spurt over two-week average daily volume of 434 shares. The stock rose 5.97% to Rs.6,505.20. Volumes stood at 268 shares in the last session.Berger Paints India Ltd notched up volume of 2.89 lakh shares by 10:47 IST on BSE, a 3.88 fold spurt over two-week average daily volume of 74445 shares. The stock slipped 0.39% to Rs.569.50. Volumes stood at 53010 shares in the last session.Powered by Capital Market - Live

Vedant Fashions has allotted 9,759 equity shares under ESOS on 16 September 2024. With this allotment, the paid up equity share capital of the company has increased to Rs. 24,29,08,366/- divided into 24,29,08,366 equity shares of Re. 1/- each. Powered by Capital Market - Live

Vedant Fashions announced that the 22th Annual General Meeting (AGM) of the company will be held on 30 August 2024.Powered by Capital Market - Live

Revenue from operations stood at Rs 239.82 crore in the quarter ended June 2024, declined 23.04% year on year. Profit before tax tumbled 32.09% to Rs 83.06 crore in Q1 FY25 as against with Rs 123.80 crore posted in the corresponding quarter previous year. Total expenses fell 12.11% year on year to Rs 178.22 crore in Q1 FY25. Cost of raw material used stood at Rs 28.15 crore (up 9.87% YoY) while depreciation and amortization expense was at Rs 37.18 crore (up 24.34% YoY). EBTDA skid 22.9% to Rs 114.7 crore in Q1 FY25 as compared with Rs 148.7 crore posted in Q1 FY24. EBITDA margin was at 47.8% in Q1 FY25. The company stated that Q1 FY25 was one of a kind of exceptional period in the last decade, with extremely low/ negligible wedding dates throughout the quarter nationally, resulting it to behave like a Non -Wedding quarter. Further the company stated that it continued to maintain strong gross margin % of 67.7% along with healthy EBITDA & PAT margin of 47.8% and 26.1% in Q1 FY25 respectively. On standalone basis, the company's net profit tumbled 32.90% to Rs 61.94 crore in Q1 FY25 as against with Rs 92.32 crore posted in Q1 FY24. Revene from operations was at Rs 239.49 crore in the quarter ended June 2024, down 23.04% year on year. Vedant Fashions is primarily engaged in manufacturing, trading and sale of readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan.Powered by Capital Market - Live