Home / Knowledge / News / Textiles / Suryavanshi Q2 net rises to Rs. 3.38 cr
Suryavanshi Q2 net rises to Rs. 3.38 cr
Nov '10
Suryavanshi Spinning Mills Ltd. engaged in spinning activity in 1978 with a spindle capacity of over 1,00,000 has posted Net Profit of 3.38 Cr for the Quarter ended September 30th 2010, as compared to (0.23) cr. in the corresponding period of the previous year.

The company's revenues soared to 69.72 cr. for the quarter posting a rise of 68.08% as compared to 41.48 cr. in the corresponding period of the previous year.

The EPS of the Company has surged to 2.55 compared to (0.23) in the corresponding period of the previous year.

The total exports in the quarter ending September'10 has increased by 400.38 % over the corresponding period. The exports constitute 41.43 % of the turn over in the half yearly ending September'10.

Suryavanshi is one of the integrated group Units in the country with backward integration into cotton ginning with production capacity of 1000 Bales per day of raw cotton (each bale 170 kgs) and also integrated forward with daily knitted garments production of 10,000 pieces capacity.

The company plans a substantial investment in near future to expand its production capacities. Post expansion Suryavanshi expects to increase its ginning capacity from 1000 Bales per day to 2000 bales whereas the spindle capacity is expected to rise up to 200000 spindles in the next three years. The daily garment production capacity is also expected to go up to 25000 pieces in the next three years.

Commenting on the results, Mr. B N Agarwal, CMD, Suryavanshi Spinning Mills Ltd said, “We are seeing a strong demand environment across the Textile Sector and are extremely bullish about the future of Textile in the coming days. To meet all the parameters in terms of international standards the management is continuously engaged in modernizing all its mills & units frequently in order to match global standards & provide a 360 degrees satisfaction to our customers.”

Suryavanshi (SVSM) Group started its operations with spinning activity in 1978 with a spindle capacity of 1728 and steadily grown to a capacity of 1,00,000 by 2002. Over the years the management has acquired an in-depth knowledge on raw-material.

Suryavanshi Spinning Mills Ltd

Must ReadView All

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Textiles | On 21st Oct 2016

ITMA Asia + CITME 2016 opens with record exhibitors

The fifth ITMA ASIA + CITME 2016 exhibition opened today in Shanghai, ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silvia Venturini Fendi
Fendi s.r.l

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

Sonam & Paras Modi

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search