Home / Knowledge / News / Textiles / Q1FY17 net jumps 43% at Sutlej Textiles
Q1FY17 net jumps 43% at Sutlej Textiles
06
Aug '16
Courtesy: Sutlej textile
Courtesy: Sutlej textile
For the first fiscal quarter ended June 30, 2017, CS Nopany led Sutlej Textiles and Industries reported a 43 per cent year over year jump in net profit at Rs 45.09 crore.

Resultantly, earnings per share too surged to Rs 27.52 per share compared to Rs 19.26 that Sutlej announced in the first quarter of fiscal 2015-16.

The company posted total income of Rs 561.45 crore in the reporting quarter, which is an increase of 20 per cent over the Rs 469.58 crore it recorded in the fiscal ago quarter.

EBIDTA too was up 23 per cent at Rs 86.44 crore in the first quarter of fiscal 2016-17 as against Rs 70.20 crore in the prior fiscal's first quarter.

Sutlej said it invested around Rs 17 crore during the quarter, towards technology up-gradation and debottlenecking, etc, which will result in improvement of efficiency and sustaining plant utilisation.

The company intends to invest a further amount of Rs 67 crore during the fiscal towards technology up-gradation and debottlenecking, etc. (AR)

Fibre2fashion News Desk - India


Must ReadView All

APTMA decries duties on cotton imports in Pakistan

Textiles | On 17th Jul 2018

APTMA decries duties on cotton imports in Pakistan

The All Pakistan Textile Mills Association has termed the...

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

SAARC Development Fund plans cross-border e-comm platform

Apparel/Garments | On 17th Jul 2018

SAARC Development Fund plans cross-border e-comm platform

SAARC Development Fund (SDF), the cross-border umbrella financing...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Urmil Arya

Sushila International, a well established textile organisation established ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search