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

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

C Dhandayuthapani

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

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Akta Adani
India Boulevard

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

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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