Home / Knowledge / News / Textiles / Priyadarshini Spinning achieves satisfactory results
Priyadarshini Spinning achieves satisfactory results
10
Nov '10
Hyderabad based and listed on the BSE, Priyadarshini Spinning Mills Ltd., one of India's leading producers of Polyester/Viscose blended yarn manufacturing from counts of 20s to 76s.

Priyadarshini's Net Revenue has increased by 23% compared with the last quarter of current financial year, from Rs 53.14 Crores for the quarter ended June 30, 2010 to Rs 65.17 Crores for the quarter ended September 30, 2010

Turning out an impressive show for the quarter ended 30th September, 2010 the Company has reported a PAT of Rs. 5.60 Cores on a turnover of Rs 118.31 Crores showing an EPS of Rs.5.06 for the 1st half.

The turnover has gone up by 38% whereas the EBIDTA has gone up by 46% from Rs.3.98 Crores to 5.80 Crores compared to corresponding quarter in the previous year. The EPS at Rs.2.79 for the quarter is up from Rs. (1.21) from the same quarter in the last year. The results from the segments viz., Spinning & yarn dying have shown significant rise and the Company expects to do better in the future.

Commenting on the results, Mr. Harish Cherukuri, Managing Director of Priyadarshini Spinning Mills Ltd. said, “The company has achieved satisfactory results in the current quarter and is looking to modernize its manufacturing units to improve its quality, productivity and profitability further”.

Incorporated in 1981, with the capital investment of Rs 800 lakhs, today Priyadarshini Spinning Mills is a listed company and has a turnover of nearly Rs 200 crores. The company's primary manufacturing activity consists of yarn manufacturing and yarn dyeing. The company has a capacity of 82,000 spindles and manufactures 35 tons of yarn every day. This capacity is spread over two yarn manufacturing facilities.

Priyadarshini manufactures 100% cotton and synthetic blends in various qualities. With a capacity of 10 tons/day cotton yarn dyeing, it produces 100% cotton, 100% cotton mercerized, 100% Polyester and 100% Viscose in batch sizes ranging from 20kgs to 1 ton. It also exports to countries in Europe, Middle East, Turkey and Russia amongst others.

Priyadarshini Spinning Mills Ltd

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

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Marten Alkhagen
Swerea IVF AB

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

Mark Paterson
Technical Absorbents Ltd

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

Giorgio Mantovani
Corman S.p.A

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X