Home / Knowledge / News / Textiles / Net profit up 78.01% in Q4 FY16 at Sutlej Textiles
Net profit up 78.01% in Q4 FY16 at Sutlej Textiles
13
May '16
Courtesy: Sutlej Textiles
Courtesy: Sutlej Textiles
India based yarn manufacturer, Sutlej Textiles reported a rise of 78.01 per cent in net profit in the fourth quarter of fiscal 2016, ended March 31, to Rs 48.81 crore as compared to Rs 27.42 crore in the previous fiscal.

Diluted earnings per share for the company stood at Rs 29.79 in Q4 of fiscal 2016 as compared to Rs 16.74 in Q4 FY15.

EBITDA recorded in the fourth quarter was Rs 77.16 as compared to Rs 68.04 in the previous quarter, a rise of 13.4 per cent.

Total income for Sutlej Textiles in Q4 of fiscal 2016 was Rs 558.27 crore as compared to Rs 477.91 crore in the previous quarter, a rise of 16.81 per cent.

Commenting on the results, CS Nopany, chairman of Sutlej Textiles said, “The financial year 2016 has been a challenging year due to global economic slowdown and stressed rural economy in the country.”

“Despite these challenging times, I am pleased that Sutlej due to its strategy of focusing on operational efficiency, organic and inorganic growth through capacity expansion – both in spinning and home textiles has reported increased revenues and profits during the year,” he said.

The board directors have recommended the highest-ever dividend in the history of the company of Rs 13 per equity share for the year ended March 2016. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Harsh Shah

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search