Home / Knowledge / News / Textiles / Indo Rama Synthetics inks turnaround in Q1FY15 net
Indo Rama Synthetics inks turnaround in Q1FY15 net
Aug '14
India-based polyester-fibre producer - Indo Rama Synthetics India Ltd has inked a turnaround in net profits in the first fiscal quarter ending June 30, 2104, after posting a net loss in the corresponding period of last fiscal year.

Indo Rama Synthetics India Ltd reported a net profit of Rs 22.05 crore for Q1FY15 compared with a net loss of Rs 30.03 crore in Q1FY14, Indo Rama said in a press release.

Net sales fell marginally to Rs 705.27 crore against Rs 706.26 crore in first quarter Q1FY14.

EBIDTA too surged to 58.10 crore in Q1FY15 compared to 35.32 crore in Q1FY14.

OP Lohia – CMD at Indo Rama Synthetics said, CMD "With polyester prices bottoming out and rupee stabilising, we expect the sentiments and performance to improve from here.”.

He added, "The recent government announcement of levying provisional anti-dumping duty on imports of PTA will have a huge impact on the margins of the polyester industry, which is already reeling under thin margins”.

Indo Rama said it has taken some cost improvement initiatives, which will further add to its competitiveness.

Indo Rama expects improvement in the overall economic environment to help it perform better in the coming quarters. It said, “With demand looking up in the coming year, we project that the following quarters will be better”.

Indo Rama Synthetics has an integrated manufacturing complex in Butibori near Nagpur in Maharashtra, which has a production capacity of 610,050 tons per annum to produce polyester staple fibre, filament yarn, draw texturized yarn, fully drawn yarn and textile grade chips.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin

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

Robert Brunner

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

Ritu Kumar
Label Ritu Kumar

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search