Home / Knowledge / News / Textiles / Shri Lakshmi Cotsyn net profit dips 9%
Shri Lakshmi Cotsyn net profit dips 9%
09
Nov '11
The Kanpur-based integrated textile company, Shri Lakshmi Cotsyn, has posted a net profit of Rs. 208.3 million during the quarter ended September 30, 2011, compared to its net profit of Rs. 232.4 million recorded during the corresponding period of last year, showing a decline of nine percent.

The dip in net profit margin is mainly attributed to tax provision of Rs. 130 million, including deferred tax.

Net sales of the company, however, rose to Rs. 4.782 billion during the July-September quarter, as against the net sales of Rs. 4.159 billion achieved during the same period last fiscal, registering a jump of 15 percent.

The company has recently ventured into technical textile segment, which is the key factor behind the growth in its sales. It expects more opportunities in future due to the increasing focus of the Government on this segment.

Shri Lakshmi Cotsyn Ltd is one of the premier manufacturers of home furnishing products and enjoys the competency in manufacturing denim fabric, terry towels, bed linen, cotton fusible interlining, embroidered fabric, technical textile products and ballistic products.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

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

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...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do 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

news category


Related Categories:
March 2017

March 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