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 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Jurgen Gauger
Spreadshirt

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

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

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...

Suresh Patel
Sidwin Fabric

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

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

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
February 2017

February 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