The score has improved to 36 from 26 in the last 3 months

Q2FY22 Revenue at Rs. 400 crores, up 82% YoY

Q2FY22 EBITDA at Rs. 42 crores, up 142% YoY

Q2FY22 PAT at Rs. 20 crores, up 699% YoY

Vishal Fabrics Limited (BSE: 538598) (NSE: VISHAL) announced its un-audited standalone financials for the quarter ended 30th September 2021.

Commenting on the performance, Mr. Brijmohan Chiripal, Managing Director & CEO, said,

“Vishal Fabrics reported strong financial performance in Q2FY22. We have emerged stronger by achieving higher Revenues and improving our balance sheet position. The revenue growth was mainly on the back of increase in sales volumes while maintaining realizations with previous quarter level. The company has taken various cost efficiency measures in all areas of expenses during this quarter which helped to sustain EBITDA margin. The Company remains strong & resilient in terms of having sufficient liquidity, stability, profitability that shall enable to create the right environment to ensure sustainability and to support growth opportunities on a longer-term basis.”

 Standalone Financial Performance:

Particulars (Rs. Crs)Q2FY22Q2FY21YoYQ1FY22QoQH1FY22H1FY21YoY
Revenue from Operations40022082%29535%694287142%
Gross Profit724465%5336%12558115%
Gross Profit Margin (%)18.0%19.9%(190) bps18.0%18.0%20.3%(230) bps
EBITDA (%)10.6%8.0%260 bps10.5%10 bps10.5%8.0%250 bps
EBIT Margin (%)9.0%5.4%360 bps7.7%130 bps8.4%4.2%420 bps
Profit After Tax202699%1093%30(5.7)
PAT Margin (%)4.9%1.1%380 bps3.5%140 bps4.3% 
EPS3.000.57 1.55 4.56(1.32) 
Cash PAT278 19 465 

Sales Volume Performance

 Dholi unit
 Narol unit

Financial & Business Highlights:


The Company recorded Revenue of Rs. 400 Crs during Q2FY22, as against Rs. 220 Crs in Q2FY21, a growth of 82%.

Revenue for the H1FY22 stands at Rs. 694 Crs, as against Rs. 287 Crs in H1FY21, a growth of 142%.


EBIDTA for Q2FY22 stood at Rs. 42 Crs as compared to Rs. 17 Crs for Q2FY21, a growth of 142%.

EBIDTA margins for Q2FY22 stood at 10.6% as compared to 8.0% in Q2FY21, a growth of 260 bps. Various cost measures helped to sustain EBITDA margins

EBIDTA for H1FY22 stood at Rs. 73 Crs as compared to Rs. 23 Crs for H1FY21, a growth of 220%

EBIDTA margins for H1FY22 stood at 10.5% as compared to 8.0% in H1FY21; a growth of 250 bps


Net profit after tax for Q2FY22 stood at Rs. 20 Crs as compared to Rs. 2 Crs for Q2 FY21, a growth of 699%

Net profit after tax for H1FY22 stood at Rs. 30 Crs as compared to Rs. (5.7) Crs for H1FY21

EPS for Q2FY22 stood at Rs. 3.00

EPS for H1FY22 stood at Rs. 4.56

Standalone Balance Sheet

Particulars (Rs. Cr)Sept-21Mar-21
Long Term Debt261280
Short Term Debt120107
Gross Debt381387
Cash Bank2221
Net Debt359366
Shareholders Equity294265
Net Debt: Equity1.221.38

The Company’s consistent efforts towards debt reduction has led to reduction in long term debt by Rs. 19 Crs in first half of the financial year

Manali bhanushali
Author: Manali bhanushali

Manali Bhanushali