Home / Knowledge / News / Textiles / Sutlej Textiles Q1 net profit declines
Sutlej Textiles Q1 net profit declines
29
Jul '11
Sutlej Textiles and Industries Ltd (STIL) has posted a decline in its net earnings during the first quarter of the current fiscal 2011-12.

The net profit of the company dropped to Rs. 137 million, against a net profit of Rs. 155 million achieved during corresponding period last fiscal, registering a year-on-year fall of 11.61 percent.

The net sales of the company, however, rose from Rs. 3.487 billion achieved during April-June 2010 to Rs. 4.138 billion this year during the quarter ended June 30.

STIL Chairman CS Nopany said that the textile sector is passing through a difficult phase owing to significant fall in raw material prices, which is creating a kind of indecisiveness amongst buyers.

He expressed happiness that in the first quarter, the company has managed to tide over the effects of depressed markets and is now ready to face the challenges that adverse market conditions pose.

STIL is an integrated player in the textiles industry with a value chain extending from yarn at one end and extending to fabric, home textiles and garments on the other.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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