Home / Knowledge / News / Apparel/Garments / Bhartiya International Q4 FY'13 sales hike 48.7%
Bhartiya International Q4 FY'13 sales hike 48.7%
30
May '13
Bhartiya International Limited, India’s leading fashion and lifestyle house, announced 48.70% rise in net sales to Rs 59 crore for Q4FY13 compared to Rs. 39.7 crore in the corresponding quarter of FY12

Highlights:

Q4FY13 vs. Q4FY12 Performance:
- Net Sales at Rs 59 crore vs. Rs 39.7 crore, up 48.70 %
- EBIDTA at Rs 3.30 crore vs Rs 2.96 crore, up 11.6 %
- Net Profit at Rs 0.61 crore vs Rs 0.56 crore, up 8.07%
- Basic EPS (not annualized) at Rs 0.56

FY13 vs. FY12 Performance:
- Net Sales at Rs 247.30 crore vs. Rs 207.38 crore, up 19.25%
- EBIDTA at Rs 18.89 crore vs Rs 16.28 crore, up 16%
- Net Profit at Rs 8.3 crore vs Rs 7.3 crore, up 12.6%
-  Basic EPS at Rs 7.65

Net profit rose 8.07% to Rs 0.61 crore for Q4FY13 compared to Rs. 0.56 crore in the corresponding quarter of FY12. Operating profit (EBIDTA) was Rs 3.30 crore as against Rs 2.96 crore during the same period last year. Earnings per share (not annualized) for the quarter stood at Rs 0.56. 

For FY13, Net Sales rose 19.25% to Rs 247.30 crore as against Rs 207.38 crore for the corresponding period in the previous year. The Company derived Rs 217.29 crore from its leather products business, an increase of 12.08% while Rs 30 crore was accounted by textile apparels, up 122% during the year.

Operating profit (EBITDA) was Rs 18.89 crore compared to Rs 16.28 crore in the same period a year ago.

The Net Profit for the financial year FY13 stood at Rs 8.3 crore as against Rs 7.3 crore reported in the same period of FY12, an increase of 12.6%. Earnings per share for FY13 stood at Rs 7.65.

The Board of Directors have recommended a dividend of Re One per share (10 %).

Commenting on the company’s performance, Mr. Snehdeep Aggarwal, Founder & Chairman, Bhartiya International Ltd said, “The driving force of our business model is design which is reflected in both our verticals - Fashion and Realty.

Mr. Bob Moore who has recently joined us as the CEO of Bhartiya Fashion will spearhead our foray into the US market for leather garments, textiles and leather accessories. His appointment has further strengthened the strong professional team built by the company over the last year”

On the realty front, Mr. Aggarwal said “Our prestigious project ‘Bhartiya City’ has received an overwhelming response and we have sold 95% of 2 million square feet of residential apartments in phase-I of the project within a span of just 7 months. We have appointed an EPC player for our residential project and the IT SEZ. We look forward to consolidate our performance.”

Bhartiya International Limited


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search