Home / Knowledge / News / Textiles / Suryalakshmi Cotton Mills in expansion mode
Suryalakshmi Cotton Mills in expansion mode
18
Oct '10
Suryalakshmi Cotton Mills Limited a major player in Denim & Yarn Industry head quartered at Hyderabad has a 40 Million meters Denim plant at Ramtek and 50,000 spindles Unit in A.P.

•Suryalakshmi setting up a new Ultra Modem Spinning Unit of 50,000 spindles in A.P. at a cost of Rs. 165 Crores
• Income up from Operations up to Rs.135 Crores
• Profit After Tax Increases up toRs.8.47 Croes from Rs.28 lacs in Q2
• EPS increases up by Rs.6.34 from Rs.0.22

Suryalakshmi's Net Revenue has increased 4% when compared with the last quarter of current financial year, from Rs 129.22 crores for the quarter ended June 30, 2010 to Rs 134.50 crores for the quarter ended September 30, 2010. Net Revenue has increased by 28% when compared with corresponding quarter of the previous year, from Rs104.78 crores for the quarter ended September 30, 2009 to Rs. 134.50 crores for the quarter ended September 30, 2010.

Commenting on the results, Paritosh Agarwal, Managing Director said, “We have managed to post good figures in this quarter. With Suryalakshmi's growth plans & setting up of a new Ultra Modern Spinning Unit, the future looks bright. We thank our investors for the faith in our company.”

Turning out an impressive show for the quarter ended September, 2010 the Company has reported a PAT of Rs. 8.47 Cores on a turnover of Rs. 132 Crores showing an EPS of Rs.11.8 Crores for the 1st half.

The turnover has gone up by 28% whereas the EBIDTA has gone up by 85% over the corresponding quarter in the previous year. The EPS at Rs.6.34 for the quarter is up from Rs. 0.22 from the same quarter in the last year. The results from both the segments viz., Spinning & Denim have shown significant rise and the Company expects to do better in the future.

To take further advantage of the buoyant conditions in the Textile Industry the Company is expanding its Spinning capacity by setting up a new Ultra Modem Spinning Unit of 50,000 spindles in A.P. at a cost of Rs. 165 Crores. The land has been identified and orders have already been placed for machinery for 1st Phase of the expansion, i.e, of 25,000 spindles. The plant is expected to be commissioned by March,2012.

The performance for 2012-'13 will reflect the results of both these expansions.

Suryalakshmi, one of the major players in the textile industry in South has modern spinning units at Amanagallu in Mahboobnagar District in Andhra Pradesh and a 40 million meter denim plant at Ramtek near Nagpur, Maharashtra. The company's subsidiary Suryakiran International Ltd, located in the outskirts of Hyderabad, is into the manufacture and export of denim garments.

Suryalakshmi Cotton Mills Limited


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

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

Igor Chapurin
Chapurin

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

January 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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

Yes No

Active Poll

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

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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

Active Poll

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

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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