Home / Knowledge / News / Textiles / SRF Technical Textile Business registers 9.8% growth in Q3
SRF Technical Textile Business registers 9.8% growth in Q3
24
Jan '08
SRF Limited, market leader in tyre cord and refrigerant gases and a preferred supplier of polyester films, posted PAT of Rs.34 crore on a revenue of Rs.413 crore during Q3 of 2007-08. to

On a year on year (YOY) basis the company's revenue declined by 9% from Rs.453 crore and net profit by 51% from Rs.70 crore. The company's results were taken on record by the Board of Directors this afternoon.

The company's PAT for the first nine months of 2007-08 was down by 42% to Rs.138 crore as against Rs.240 crore during corresponding period last year (CPLY). The revenue was lower by 11% at Rs.1,235 crore from Rs.1391 crore during CPLY.

The decline in profitability is mainly because last year's numbers included effect of higher Sales of accumulated CERs (Certified Emission Reductions).

Appreciation of Indian Rupee against US Dollar from an average of Rs.44.95 during Q3 of 2006-07 to Rs.39.44 during Q3 of 2007-08, an appreciation of about 12%, has also affected both the revenue and the profits adversely.

During Q3 of 2007-08, the company has recorded significant improvement in sales due to increased operational and marketing efficiencies.

SRF's Technical Textile Business (TTB), which accounts for more than 50% of the total revenue, registered 9.8% growth in sales of its products, from 12,241 metric tones (MT) in Q3 of 2006-07 to 13,445 MT in Q3 of 2007-08.

This should enable the company to increase its market leadership share from 36% to around 39% by the end of the current financial year.


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Rupa Sood and Sharan Apparao
Nayaab

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

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

August 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
Sustainability?

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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

Active Poll

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

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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