Spentex Industries Limited (SIL), India's largest yarn manufacturer has recorded consolidated income of Rs 312.87 crore for the first half of the FY07. On a consolidated basis the EBIDTA for H1FY07 stood at Rs 39.71 crore. The net profit for H1FY07 stood at Rs 2.34 crore.
In Q2FY07, Spentex recorded consolidated Income of Rs 195.60 crore and EBIDTA of Rs. 28.59 crore a net profit of Rs 3.05 crore. In the corresponding previous quarter, Spentex had registered net turnover of Rs 96 crore and net profit of Rs 3.36 crore.
The figures of the current quarter and half year comprises its subsidiaries Indo Rama Textiles w.e.f 24.5.06 , Amit Spinning Industries Limited w.e.f 25.8.06 and that of Uzbekistan acquisition w.e.f 21.8.06.
“The company expects the Q3FY07 to be robust as full quarter of consolidation from the three acquisitions, Ahmedabad unit and expanded capacities of Baramati - II would become operational."
"The quarter-on-quarter increase in sales and net profit is phenomenal and can be attributed to our strategic expansion initiatives,” said Mukund Choudhary, Managing Director, Spentex Industries Limited.
Currently, Spentex Industries has eight plants -- six in India and two in Uzbekistan. It has a total production capacity of 350,000 spindles in India and 220,000 spindles in Uzbekistan along with 236 airjet weaving looms. It has recently expanded the capacity of its plant at Baramati and Sholapur.
Spentex Industries Limited
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