Home / Knowledge / News / Textiles / Spinning, value-added textile units record strong profits
Spinning, value-added textile units record strong profits
Jul '10
During the first nine months of the last fiscal, financial results of the listed firms of the textile industry revealed that, both spinners and value-added textile units recorded healthy profits.

The myth that, mills with less than 25,000 spindles are not likely to post profits is absolutely false. In fact profits recorded are lined to improved management and efficiency.

For instance, Ata Textile Mills Limited, functioning with 44,000 spindles, earned the highest net profit of 21.85 percent of Rs 577.18 million. This was followed by Indus Dyeing and Manufacturing Company with 129,000 spindles with Rs 1.606 billion profits, indicating a growth in profit of 20.85 percent.

Standing eighth was JK Spinning with 16,368 spindles and net profit of 18.85 percent, whereas JA Textile Mills with 15,360 spindles announced gross profit of 7.62 percent and stood at the 48th position amidst 61 spinning mills, which were assessed.

After paying their taxes, Indus Dyeing and Manufacturing Company earned a total profit of 13.20 percent or Rs 1.025 billion. The firm was followed by Fazal Textile Mills, which recorded an overall profit of 12.17 percent ors 346.21 million.

Hence, of the 61 listed spinning mills, 48 declared their overall profit in the range of 13.20 – 20.28 percent, whereas 13 mills announced loss, which included three mills having over 70,000 spindles.

In the list of merged mills, Nishat Mills Limited, earned the highest net profit of 8.11 percent of Rs 1.810 billion, followed by Artistic Denim Mills, which earner 8.01 percent total profit or Rs 215.74 million. Sapphire Textile Mills Limited received a profit of 6.15 percent or Rs 637.96 million.

Of the 35 listed merged textile units, at the Karachi Stock Exchange, 27 announced profit in the first nine months of the last fiscal, while eight registered loss.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Marcel Alberts

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
April 2017

April 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