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

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
July 2017

July 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