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

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sonia Agarwal
Whitenife

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search