Home / Knowledge / News / Textiles / Sutlej Textiles H1 FY'14 sales increase 11.48%
Sutlej Textiles H1 FY'14 sales increase 11.48%
30
Oct '13
Sutlej Textiles and Industries Ltd announces half year results ended on September 30, 2013.

Sutlej Textiles and Industries Ltd recorded net profit of Rs.708 Million for the Half Year ended September 30, 2013 as compared to Rs.363 Million in the corresponding Half Year of last year registering an increase of 95.04%.  The Net Profit increased by 51.06% as compared to immediate preceding quarter.

The revenue of the company is Rs.9349 Million for the half year ended September 30, 2013 as compared to Rs.8386 Million for Half Year ended September 30, 2012 showing an increase of about 11.48%.  The EBIDTA is Rs.1498 Million for the half year ended September 30, 2013 as compared to EBIDTA of Rs.1112 Million for the Half Year ended September 30, 2012 showing a growth of 34.71%.

Both demand and realization were better in domestic market as well as in export market during Q2 of FY 14 and 1st half year of FY 14 compared to corresponding previous periods.

In order to cater to its ever increasing customer requirement, the company has undertaken expansion project at its Kathua (J&K) Unit with a capacity of 30672 spindles which will become fully operational during the Financial Year 2014-15 and will raise the existing capacity of 260488 to 291160 spindles.

Commenting on the financial results, Mr C. S. Nopany, Chairman, Sutlej Textiles and Industries Limited, said, “Overall performance of Sutlej in Q2 of FY 14 and 1st half of FY 14 is better as compared to corresponding previous year Q2 and 1st half. I am glad that Sutlej could achieve this performance despite increasing cost of raw-materials, wages, etc. due to better market conditions and continuous efforts to improve utilization and production and to minimize the cost. Going forward, macro-economic environment is uncertain on account of twin deficits, tight liquidity, persistent inflation and heightened volatility of the financial markets.”

Sutlej Textiles and Industries

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Kevin Nelson
TissueGen

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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:
April 2017

April 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