SVP Global reports a profit of Rs 38 crore in the March quarter, with total revenue increasing by 78 percent to Rs 571 crore

Cotton yarn manufacturer SVP Global Ventures reported a net profit of Rs 38.25 crore for the fiscal quarter ending March 2021, owing mostly to greater revenue.

In the previous fiscal year, the firm reported a net loss of Rs 8.28 crore. Total income increased to Rs 571.1 crore in the fourth quarter of the previous fiscal year, up from Rs 321.3 crore the previous year. SVP Global Ventures Ltd primary business is the production of high-quality 100% Combed Compact Cotton and mixed yarn.