Home / Knowledge / News / Textiles / Nakoda witnesses 23% rise in revenue
Nakoda witnesses 23% rise in revenue
09
Aug '10
For the quarter ending June 30, 2010, Nakoda Limited one of the biggest producers of fully drawn yarn, witnessed a strong rise in its revenue.

Nakoda recorded a rise in revenue by an exorbitant 23 percent to Rs 3.09 billion from Rs 2.51 billion, during the corresponding period last fiscal. The profit after tax for the quarter ending June 30, 2010, stood at Rs 77.6 million, leading to a hike of 39 percent, as compared to Rs 55.8 million in the same period last year.

Earnings for half year ending on June 30, 2010, also went up by 23 percent to Rs 6.02 billion from Rs 4.88 billion during the same period, last fiscal. Total profits during the half year rose considerably by 60 percent from Rs 96.6 million during the same period, last fiscal, to Rs 151.6 million.

Proceeds from the manufacturing sector too, increased by 26 percent to Rs 1.34 billion from Rs 1.06 billion, for the quarter under consideration. Within the trading sector, sales touched Rs 1.75 billion from Rs 1.45 billion, a rise of 21 percent.

As per BG Jain, Chairman and Managing Director, Nakoda Limited, the firm has once again attained excellent results. Currently, with the implementation of Phase-I of the firm's expansion plans and also with Nakoda's entry in to newer markets via the take over of the recent polyester plant in South Korea, through its subsidiary Indo Korean Petrochem Ltd, Jain and his firm are looking forward to non-stop and maintained growth in the future.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Kevin Nelson
TissueGen

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

July 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

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

Yes No

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

Yes No

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


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



X