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663% leap in S Kumar's net profit

17
Jul '06
S Kumar Nationwide Ltd (SKNL) net profit shot up from Rs3.28 crore last quarter to Rs25 crore this quarter registering a staggering net profit of 663 percent compared to the same period last year.

Meanwhile, company also listed positive net sales achieving figures of Rs265 crore compared to Rs206 crore it achieved during the same period previous year.

Nitin S Kasliwal, Vice Chairman & Managing Director of SKNL, while talking to the media told that the rise in profit had been possible due to the strong commitment to quality and increased profit margins resulting into enhanced value of stakeholders.

SKNL's factory is in process at Ankleshwar, Gujarat. Company is investing in cotton fabrics and home textile garments which will produce results next year onward.


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