Home / Knowledge / News / Textiles / Filatex posts revenue of ₹737.7 crore in Q3 FY20

Filatex posts revenue of ₹737.7 crore in Q3 FY20

Feb '20
Pic: Filatex
Pic: Filatex
Filatex India Ltd, a manufacturer and trader of synthetic filament yarn and textiles, posted revenue of ₹737.7 crore in third quarter (Q3) FY20 compared to ₹745.8 crore in same period last year. For the nine months period that ended on December 31, 2019, the revenue decreased to ₹2114.8 compared to ₹2168.3 crore in same period last year. 
"This year the revenues are slightly less than the same period last year. The drop is due to lower crude prices which have a direct impact on key raw materials i.e. PTA & MEG," Madhusudhan Bhageria, chairman & managing director, Filatex India Ltd, said in a press release.
EBITDA (earnings before interest, taxes, depreciation, and amortisation) in the quarter increased to ₹55.9 crore compared to ₹39.7 crore in Q3 FY19. EBIDTA for year-over-year (Y-o-Y) basis reduced to ₹159.7 crore against ₹161.4 crore in same period last year. 
"However, the EBITDA margin is almost the same as compared to the previous period as the variations be it increase or decrease in raw material prices is passed on to customers," Bhageria said.
Net Profit in Q3 FY20 increased to ₹18.6 crore against ₹16.3 crore in same period last year. For Y-o-Y basis net profit increased to ₹100.4 crore compared to ₹56.7 crore in same period last year.
"Overall, the performance for Q3 FY 19-20 is good keeping in view the general economic slowdown and competitive environment," Bhageria said. 
"We have completed installation of around 75 per cent of our new capacity for texturising. In the forthcoming quarter, we will have the benefit of additional texturised product which has good export potential. We expect next quarter will be better as the demand for polyester filaments is expected to grow. The abolition of anti-dumping duty in this budget has given a positive stimulus to the demand and sentiments in the domestic market," Bhageria said in the release.

Fibre2Fashion News Desk (JL)

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 6th Apr 2020

GMAC urge buyers to fulfil purchase contracts

The Garment Manufacturers Associations in Cambodia (GMAC) has...

Pic: reddees / Shutterstock.com

Retail | On 6th Apr 2020

RAI seeks govt support for retail industry

Stating that retail sector is one of the largest employers in the...

Pic: Shutterstock

Information Technology | On 6th Apr 2020

Odd Concepts attracts funds despite Covid-19 crisis

Odd Concepts, an AI-based fashion tech company, has been able to...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trade buzz: This could be a landmark budget

Anshul Sood, Oceedee

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Kevin Nelson, TissueGen

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

March 2020

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

Advanced Search