Home / Knowledge / News / Textiles / Q4FY15 net zooms 59.1% at Siyaram Silk Mills
Q4FY15 net zooms 59.1% at Siyaram Silk Mills
May '15
Driven by fall in finance costs, net profit at yarns to apparel retail company, Siyaram Silk Mills zoomed 59.18 per cent year over year in the fourth fiscal quarter ended March 31, 2015.

In a BSE filing, Siyaram Silk said its net profit soared to Rs 32.14 crore in the quarter ended March 31, 2015 as against Rs 20.19 crore in the prior fiscal fourth quarter.

Net sales at the Ramesh Poddar led and Mumbai based company climbed 18.32 per cent to Rs 479.45 crore compared to Rs 405.21 crore in the quarter ended March 31, 2014.

Helped by a 26 per cent year on year surge in other operating income, total income in the reporting quarter rose to Rs 479.95 crore, up 18.26 per cent from Rs 405.84 crore in the same quarter of fiscal 2014.

Total expenses for the fourth quarter of fiscal 2015 amounted to Rs 431.57 crore as against Rs 370.30 crore, an increase of 16.54 per cent.

Cost of materials consumed for the quarter rose higher by 24.40 per cent at Rs 172.02 crore compared to Rs 138.27 crore, while depreciation and amortisation charges surged to Rs 998 crore, up 30.79 per cent.

In the quarter ended March 31, 2015, profit before other income and finance cost expanded 36.24 per cent to Rs 483.8 crore from Rs 355.1 crore in the corresponding quarter of previous fiscal.

However, for the quarter under review, other income at Siyaram Silk fell 6.71 per cent to Rs 37.5 crore compared to Rs 40.2 crore.

Profit from ordinary activities before finance cost for the reporting quarter mounted to Rs 52.13 crore, up a massive 31.87 per cent from the same period of last fiscal.

Siyaram Silk Mills was also able to reduce its finance costs in the fourth quarter of fiscal 2015 by 14.46 per cent year over year to reach Rs 6.74 crore.

Profit from ordinary activities after finance cost drove up 43.41 per cent to Rs 45.39 crore in the quarter under review to Rs 31.65 crore in the quarter ended March 31, 2014.

For the fourth quarter of fiscal 2015, tax expenses propelled to Rs 14.63 crore, a steep rise of 46.33 per cent over the prior fiscal fourth quarter.

The board of directors of Siyaram Silk Mills has recommended a dividend payment of 100 per cent for each share with face value of Rs 10 for the 2014-15 fiscal. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Kerem Durdag
Biovation II LLC

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Silvia Venturini Fendi
Fendi s.r.l

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

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


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search