Vishal Fabrics has reported an improvement in capacity utilisation of its denim manufacturing plant located at Dholi, Gujarat, from 55 per cent in Q2 FY19 to 75 per cent in Q2 FY20. The higher capacity utilisation led the company to improve its operating efficiencies, resulting in better financial performance, it said. The higher production is attributable to the commencement of four new lines of the denim fabric manufacturing plant in 2018. The output growth was driven by increased purchase orders from key customers spread across different regions. For Vishal Fabrics, Delhi was the key market in India, and whereas for exports, it was Bangladesh, the company said. Shares of Vishal Fabrics slipped 0.40 per cent to ₹250 on the BSE.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.