Home / Knowledge / News / Textiles / Nakoda Textile registers robust growth in Q2
Nakoda Textile registers robust growth in Q2
21
Jul '08
Nakoda Textile Industries Ltd (NTIL) posted a robust 35 per cent growth in top line to touch 195.58 crore (YoY) for the second quarter ended June 30, 2008. The company's EBITDA margin improved 98 basis points to 4.67 per cent as compared to the corresponding quarter last year.

This was due to better realization on account of pricing and streamlining of the cost structure. Net profit (Profit after Tax) for Q2 CY08 was also up 56 % at 3.58 crore.

Commenting on the results Mr. B. G. Jain, CMD, NTIL, said “The capex that we have undertaken would provide us the requisite boost for sustainable growth in the future. Work on the capex is being accomplished as per schedule. We are confident of tripling our market share from the present 2 per cent in the POY business on completion of capex.

Nakoda is ISO 9001-2000 company where quality management is a continuous process and a way of life. The company was incorporated in 1984 and initially commenced business with one texturising machine, with a capacity of 354 MT, at Silvassa. The company's funding included a seed capital of Rs 5 lakhs from IDBI that used to be extended to technocrats.

Click here to view more:

Nakoda Textile Industries Ltd

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Dharmendra Shah
Ozone PB Spintex Limited

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

Urs Stalder
Sanitized AG

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

Johan Berlin
InvestKonsult Sweden AB

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

Marcel Alberts
Eurofibers

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

Igor Chapurin
Chapurin

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search