Post expansion SEL posts 117.6% rise in Q1 FY'14 sales

Profit after Tax (PAT) recorded an increase of 213.98%, from Rs. 16.81 crore during the quarter ended 30th June, 2012 to Rs. 52.78 crore during the quarter ended 30th June, 2013. The group is one of the fastest growing integrated textile conglomerate having presence in yarns, knitted fabrics, terry towel, ready-made garments and captive power generation. SEL Manufacturing Company Limited has been ranked 14th as per Total Income in the textile sector in Dun & Bradstreet,s India,s Top 500 Companies 2012.

SEL Textiles Limited, a wholly owned subsidiary of SEL Manufacturing Company Limited, recently commissioned the state-of-the-art Greenfield Mega Integrated Textile Park at Village Panjava, District Muktsar, Punjab in April, 2013. In the first phase, SEL commissioned the yarn spinning section, which is being set-up with a capacity of nearly 2 lac. spindles. This unit will have forward integration in denims.

SEL has already proved its capabilities in implementation of new projects. The better performance of the Company is attributable not only to better textile market conditions but also to the increased production levels on account of various expansion projects undertaken by the Company in the preceding years, including one of the largest spinning units at Village Mehatwara in Madhya Pradesh and the doubling of the capacities of the spinning units located at Hansi in Hissar and Neemrana in Rajasthan. SEL is confident that the true value of expansion shall be captured in the years to come, thereby fulfilling the expectations of its stakeholders.

SEL Manufacturing Company