Home / Knowledge / News / Textiles / Indo Rama profits slip back into black in Q3FY'13
Indo Rama profits slip back into black in Q3FY'13
30
Jan '13
Indo Rama Synthetics (India) Limited, India’s largest dedicated polyester manufacturer, announced its un-audited financial results for the third quarter and Nine Months ended December 31, 2012.
 
Q3FY2013 Results (all comparisons with Q3FY2012)  
-Revenues at Rs. 703.52 crore Vis-à-vis Rs. 768.64 crore  
-PAT at Rs 1.83 crore Vis-à-Vis Loss of Rs. 32.11 crore
- EBIDTA at Rs. 52.03 crore Vis-à-vis Rs 12.12 crore 
 
9MFY2013 results (all comparisons with 9MFY2012)  
-Revenues at Rs. 2203.31 crore Vis-à-vis Rs. 2176.02 crore  
-PAT at Rs 79.32 crore Vis-à-Vis Loss of Rs. 3.51 crore
-EBIDTA at Rs. 221 crore Vis-à-vis Rs 149.16 crore
 
For the quarter ended December 31, 2012, the net sales stood at Rs. 703.52 crore as compared to Rs. 768.84 crore for the corresponding quarter in the previous year. PAT has turned positive to 1.83 Crore from a negative PAT of Rs 32.11 Crore for the corresponding quarter in the previous year. EBITDA grew to Rs. 52.03 crores as compared to Rs. 12.12 crores in Q3FY12.
 
For the 9 months ended December 31, 2012, the net sales stood at Rs. 2203.31 crore as compared to Rs. 2176.02 crore for the corresponding period in the previous year. EBITDA grew to Rs. 221 crores compared to Rs. 149.16 crores in 9MFY12. PAT increased to Rs 79.32 crore as compared to Loss of Rs. 3.51 crore for the corresponding period in the previous year. EPS stood at Rs. 5.22 as on 31st December 2012 Vis-à-vis negative EPS of Rs. 0.23 for the corresponding period end last year.
 
Commenting on the Company’s performance, Mr. O P Lohia, Chairman and Managing Director, Indo Rama Synthetics (India) Limited said, "In spite of slowdown in global trade and inflationary pressure in domestic market, the company has been able to withstand the same and been able to deliver better profitability Vis-à-vis corresponding period last year. There are lots of initiatives the company has taken to enhance operational efficiency in the current financial year to ensure sustainable growth year on year. The payoff from our cost optimization projects and improvement in overall economic environment should help us deliver better performance in the coming quarters”.
 

Indo Rama Synthetics

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Jurgen Gauger
Spreadshirt

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

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Kevin Nelson
TissueGen

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

Giorgio Mantovani
Corman S.p.A

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

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

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:
May 2017

May 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