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

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Suresh Patel
Sidwin Fabric

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

Eamonn Tighe
Nature Works LLC

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

Mohammad Hassan
Biax Fiberfilm

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

Silvia Venturini Fendi
Fendi s.r.l

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

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

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


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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