Profitabilty Analysis in Textile Sector-A Case Study of Vijay Textiles

Abstract

To evaluate and appraise the activities of any business, we analyze the profits and related expenditure of the business. This analysis refers to the profitability analysis. To assess the financial health of any business we do evaluate the financial performance of the business. All businesses take financial assets, which come in many forms, and use them to support business activity, which generates revenue and ultimately, profits. In its simplest definition, financial performance can refer to the effectiveness in which the business generates profits, but it also refers to much more. It is a reflection of all the elements that contribute to profitability, separately as line items, and holistically as a collective dynamic. In this paper an attempt is made to analyse the profitability in Textile sector in general and Vijay textiles in particular.