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.
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Nakoda Textile Industries Ltd
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