Home / Knowledge / News / Textiles / RSR Mohota Spg. & Wvg. Mills swings to profit in Q2
RSR Mohota Spg. & Wvg. Mills swings to profit in Q2
15
Jan '14
Rai Saheb Rekhchand Mohota Spinning & Weaving Mills Ltd swung to profit in the quarter and half-year ended September 2013 on back of robust yarn demand from China and better sales realizations with sharp depreciation in rupee against US dollar.

The flagship company of the Mohota Group reported a net profit of Rs 26 lakh in quarter ended September 2013 as against net loss of Rs 23 lakh in the corresponding quarter of previous fiscal. Its turnover during the quarter also increased sharply by 48 per cent at Rs 7,263 lakh in Q2 FY4 from Rs 4,901 lakh in Q2 FY13.

For the six months ended September 2013, the company’s net profit stood at Rs 73 lakh as against net loss of Rs 41 lakh in the year ago period.

Yarn makers gained from robust Chinese demand in the first half of FY14 due to high yarn manufacturing cost vis-à-vis Indian counterparts. Chinese manufacturers imported over 100 million kg of yarn from Indian manufacturers until the end of September, 2013.

RSR, which has evolved from a meager capacity of 500 tons of yarn, 100000 meters fabric per annum to a huge size of 10000 tons of yarn and 20 million meters fabric per annum, is expected to continue the growth momentum, mainly as China demand remains robust and rupee remains weak.

The company’s weaving division is also expected to drive the growth with booming organized retail in the country.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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:
May 2017

May 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