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

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Kerem Durdag
Biovation II LLC

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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