Home / Knowledge / News / Textiles / Suryalakshmi Mill revenues shoot up 28.19% in Q1
Suryalakshmi Mill revenues shoot up 28.19% in Q1
18
Jul '11
Hyderabad, Andhra Pradesh, July 16, 2011 Suryalakshmi Cotton Mills Limited, a Hyderabad based company and a major player in Denim & Yarn Industry has announced today its Q1 results for the quarter ended June 30, 2011 with an increase in total income by 28.19 % to Rs.16563.83 Lacs compared to Rs. 12921.77 Lacs in corresponding quarter of the previous year.

The company saw an increase in Net Profit by 31.97% as compared with the corresponding quarter of the previous year, from Rs. 728.58 Lacs for the quarter ended on June, 2010 to Rs.961.50 Lacs for the quarter ended on June, 2011.

The Earning per Share for Q1 FY11-12 stands at Rs. 7.20 against Rs. 5.45 in Q1 FY10-11.

Commenting on the results, Paritosh Agarwal, Managing Director said, "Our Company has posted positive results, despite the volatility in raw material prices. Our team is positive about the fall in cotton prices & favorable market conditions reinforcing a stable growth.

"The work on the Captive Power Project is on schedule and progressing satisfactorily and we are confident of commissioning it before March, 2012. We express our gratitude to our shareholders for showing their faith and supporting us."

About Suryalakshmi Cotton Mills Ltd:
Suryalakshmi, one of the major players in the textile industry in South has modern spinning units at Amanagallu in Mahboobnagar District in Andhra Pradesh and a 40 million meter denim plant at Ramtek near Nagpur, Maharashtra.

The company's subsidiary Suryakiran International Ltd, located in the outskirts of Hyderabad, is into the manufacture and export of denim garments. Suryalakshmi's large transnational network backed by a strong marketing presence ensures quality products to its domestic and international clients.

Suryalakshmi Cotton Mills

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Giorgio Mantovani
Corman S.p.A

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

Silke Brand-Kirsch
Schlegel und Partner

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Karan Arora
Karan Arora

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search