Home / Knowledge / News / Textiles / Indo Rama Synthetics Q4 net sales higher by 5.02%
Indo Rama Synthetics Q4 net sales higher by 5.02%
Jun '08
Mr Om Prakash Lohia
Mr Om Prakash Lohia
Indo Rama Synthetics (India) Limited, the country's largest dedicated polyester manufacturer, announced its Annual and Q4 results for the financial year ended March 31, 2008.

Annual Results for FY 2007 – 08:
Net sales for the year rose by 26.5% to Rs.2545.52 crores as compared to Rs. 2011.68 crores for FY 06 – 07. EBIDTA for the year also registered an increase of 34.6% at Rs.238.29 crores compared to Rs.177.02 crores last year.

Clocked PAT of Rs.3.02 crores for the year, down by 85.4% compared to last years 20.64 crores. Exports recorded a phenomenal 69635 MT a growth of 111.15% over the previous years' 32979 MT.

Q4 Results:
IRSL Q4 net sales stood at Rs.644.17 crores, higher by 5.02% as compared to Rs. 613.36 crores in the corresponding period last year.

Commenting on the Results, Mr. O.P. Lohia, Chairman and Managing Director, IRSL said, “Our performance during the year, especially in the second half of the year, was impacted by lack luster performance of the textile Industry which impacted polyester demand and margins.

In spite of that we have registered a healthy top line growth. Polyester demand has been robust over the first quarter of this fiscal, a healthy change in the environment.

With robust environ of the textile sector both in domestic and export sector, and with stable input prices, I believe the polyester industry is in a sweet spot and poised for strong growth. I look forward to improved performance, both in top line & bottom line, going forward.”

The Board of Directors of the Company at their meeting held declared an annual dividend of 10 %, i.e. Re. 1.00 per equity share.

With a growing consumption across all sectors and with buoyant demand in both domestic and exports of Indian textile, the future augurs well for strong, cost efficient large-scale polyester producers.

Click here to view more:

Indo Rama Synthetics (India) Limited

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler

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

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...

Jay Ramrakhiani
Occasions Elegance Wear

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

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:
June 2017

June 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