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

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Suresh Patel
Sidwin Fabric

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

Silke Brand-Kirsch
Schlegel und Partner

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

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

Ritu Kumar
Label Ritu Kumar

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

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:
June 2017

June 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