Home / Knowledge / News / Textiles / Rajapalayam Mills H1 net rises two-fold at Rs 19.30 cr
Rajapalayam Mills H1 net rises two-fold at Rs 19.30 cr
02
Jan '14
At a time when textile mills in other parts of the state and the rest of the country are pulling down their shutters for one reason or the other, Tamil Nadu-based yarn manufacturer Rajapalayam Mills has posted robust growth in profitability in the first half of the current financial year 2013-14, driven by higher sales revenue.
 
Rajapalayam Mills, a part of renowned Ramco Group, reported over two-fold jump in its net profit for the six month ended September 30, 2013, which stood at Rs 19.30 crore against Rs 9.21 crore in the previous year, mainly on account of robust sales in textile segment.
 
During the six months under review, the company's net sales rose by 25.24 per cent to Rs 208.75 crore as against Rs 165.72 crore in the year-earlier period. 
 
Sales revenue  from the textile segment which includes ring yarn, compact yarn, elitwist compact yarn, TFO doubled yarn, gassed yarn, slub & multicount yarn, model / tencel yarn, oe yarn and organic cotton yarn, was driven by higher demand from emerging and developed nations.
 
However, rising power and fuel charges, acute shortage of power and labour remained a key challenge for the company. The power and fuel charges increased to Rs 17.56 crore as compared to Rs 14.30 crore in previous year.
 
Given the optimistic and promising future ahead, the company believes that it is well equipped and armored to face them in the fray to establish its supremacy and excel them in all aspects. 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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



X