Home / Knowledge / News / Textiles / Sangam (India) profits surge 229.77%
Sangam (India) profits surge 229.77%
Apr '11
Bhilwara-based, Sangam (India), one of the largest manufacturers of polyester-viscose dyed yarn in India, announced robust financial performance for the fourth quarter and the financial year ended as on March 31, 2011.

Management Comment

"Robust demand scenario coupled with higher realization has helped us to post strong all around growth, said Mr. R.P. Soni, Group Chairman. He further added, "Given the current robust demand scenario in yarn business, we have managed to pass on increased input cost to customer and improve our margin substantially.

"Going forward, we are targeting a revenue growth in the region of 22-25 per cent revenue growth in the next 2-3 year following the change in product mix coupled with capacity expansion taken in the last quarter," elaborated Mr. Soni.

He also informed that the company plans to utilize the surplus cash for retiring its long-term debt and redeploying it for fresh capacity expansion plans, which will further boost the profitability of the company.

FY11 Performance (April 2010 compared to March 2011)

? The company posted a 37.46 per cent rise in net sales at Rs 1,171.52 crore for the period, ended March 31, 2011 compared to Rs. 852.25 crore in the corresponding period of the previous year.

? Higher realization in yarn business plus increased demand scenario in the PV segment helped the company post a higher profit.

? Net profit for period under review was up 229.77 percent at Rs. 56.59 crore as against Rs.17.16 crore in the corresponding period last year.

? On an equity capital of Rs. 39.42 crore, the company has posted an EPS (fully diluted) Rs 14.36 for fiscal year ended March 31 2011.

? The Board of Directors of the company also approved Final dividend of Rs.1.50 per share

Q4FY11 Performance

(3MFY 2011 - January-March 2011) compared to (FY11 - January - March 2010)

? Net sales grew by 56.22 percent to Rs. 358.36 crore for the quarter ended March 31, 2011 compared to Rs. 229.38 crore in the corresponding quarter of the previous year.

? Net profit surged by 173.55 percent to Rs. 21.31 crore compared to Rs. 7.79 crore in the corresponding quarter of the previous year.

? For the period under review, EBIDTA grew by 58.96 percent to Rs 58.53 crore compared to Rs.36.82 crore in the corresponding quarter of the previous year.

Q-o-Q Performance

(3M March 2011 compared to 3M December 2010)

? Net sales grew by 24.17 per cent to Rs. 358.36 crore for quarter ended March 2011 compared to Rs. 288.59 crore in the quarter ended December 2010.

? Net Profit surged by 15.50 percent to Rs. 21.31crore as against Rs. 18.45 crore in December 2010 quarter.

Update on Expansion Plans

The company has undertaken Rs 171 crore expansion-cum diversification plan to set up additional denim capacity of 16 million meters per annum, 7200 metric tonne of texturing yarn, install 2,304 rotters and 3,000 MTPA knitting capacity in Bhilwara.

Must ReadView All

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

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

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao

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

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search