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

China to cut import duty on 187 items, including apparel

Apparel/Garments | On 25th Nov 2017

China to cut import duty on 187 items, including apparel

China will cut import tariffs on 187 items, including food,...

Indian govt doubles MEIS incentive for garments, madeups

Textiles | On 25th Nov 2017

Indian govt doubles MEIS incentive for garments, madeups

Amid a sharp fall in exports, especially in October 2017, the Indian...

Bangladesh agrees to EU conditions for trade benefits

Apparel/Garments | On 25th Nov 2017

Bangladesh agrees to EU conditions for trade benefits

Bangladesh has decided to amend its labour law and the Bangladesh...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Suresh P Bagrecha

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

November 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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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