Home / Knowledge / News / Textiles / Suryajyoti Spinning posts a 333% rise in net profit
Suryajyoti Spinning posts a 333% rise in net profit
30
May '11
Hyderabad based Suryajyoti Spinning Mills Ltd.,leading manufacturers of Yarn and Fabric has announced its audited annual financial results for FY2010-2011.

Suryajyoti has posted a 333% rise in Net Profit at Rs.1583 lakhs for the year ended 31st March 2011, as compared to Rs. 366 lakhs in the previous year ended 31st March 2010.
The Company's Net Sales soared to Rs. 39426 lakhs for the year posting a rise of 46% as compared to Rs. 26953 lakhs in the previous year.

The EPS of the Company has surged to Rs.9.73 compared to Rs.2.26 in the previous year, resulting an increase of 331%.

Commenting on the results, Mr. Arun Agarwal, Executive Director said, "We are highly pleased with the company's performance in FY10-11. The global textile economy has recovered and we've witnessed a tremendous increase in the demand for textile products across the globe. We are further upgrading our spinning facilities to cope with the rising demand and we hope to please our stakeholders in the next year with our consistent performance.”

Suryajyoti Spinning Mills Limited started operations in 1992 and over a period increased its capacity to 86,560 spindles. The Company produces a very high quality of yarn of international standards and exporting to various countries in all the product range viz. Cotton, Polyester spun, Poly Viscose blend, Poly Cotton blend and 100% Viscose spun, in count range of 16's to 80's. The Company has multi-locational Yarn manufacturing facilities at Burgul, Makthal and Rajapur in Mahabubnagar District in Andhra Pradesh.

Suryajyoti Spinning Mills Ltd


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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