H1FY17 net profit soars 18.9% at Indo Count Industries
30
Nov '16
Nov '16
Net profit at producer and exporter of home textile products, Indo Count Industries Ltd soared 18.9 per cent, over a fiscal ago period to Rs 122.73 crore, in the six months ended September 30, 2016. This was achieved despite revenue growing much slower at Rs 1068.98 in the first half of fiscal 2017, as against Rs 1034.40 crore in the same period of prior fiscal.
In the reporting period, EBIDTA totalled Rs 226.66 crore compared to Rs 206.38 crore in the first half of fiscal 2016, up 9.8 per cent, while EBITDA margin rose 130 basis points to 21.2 per cent vis-à-vis 19.9 per cent in the six months ended September 30, 2015.
Profit before depreciation and tax also surged 16.5 per cent in the six months under review to Rs 205.25 crore versus Rs 176.18 crore in the previous fiscal's first six months. (AR)
In the reporting period, EBIDTA totalled Rs 226.66 crore compared to Rs 206.38 crore in the first half of fiscal 2016, up 9.8 per cent, while EBITDA margin rose 130 basis points to 21.2 per cent vis-à-vis 19.9 per cent in the six months ended September 30, 2015.
Profit before depreciation and tax also surged 16.5 per cent in the six months under review to Rs 205.25 crore versus Rs 176.18 crore in the previous fiscal's first six months. (AR)
Fibre2Fashion News Desk – India
Must ReadView All
Apparel/Garments | On 11th Dec 2018
Vietnamese garment firms plan to boost exports to Canada
As Vietnam is yet to sign a free trade agreement with Canada, so the...
Textiles | On 11th Dec 2018
Belgium, Alibaba promote inclusive global trade under eWTP
The Belgian Government and China’s Alibaba Group recently announced...
Textiles | On 11th Dec 2018
India's textile-apparel exports fell slightly in H1 FY19
India’s overall textile and apparel exports in H1 FY19 stood at $18.4 ...
Interviews View All
Dinaz Madhukar
DLF Emporio and DLF Promenade
‘Each event and promotion is planned out keeping in mind the business of...
Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli
‘The percentage share of printing in the global textile market is pretty...
Top executives
Textile industry
Sustainable fashion is also ‘slow fashion’
<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...
Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...
No Nasties was the first fashion brand in India to make 100 per cent...
Ray Baughman
University of Texas -Dallas
<div>A team of scientists and researchers have discovered twistrons,...
Johan Berlin
Investkonsult Sweden AB
Investkonsult Sweden AB are consultants in the nonwoven and absorbent...
Pierre Wiertz
EDANA
EDANA, the international association serving the nonwovens and related...
Karan Arora
Karan Arora
Bridal couture created with rich Indian heritage, exquisite craftsmanship...
Cigdem Akin
Cigdem Akin
She has carved a niche for herself as the national brand of Turkey. Her...
Sidharth Sinha
Sidharth Sinha
<b>Sidharth Sinha</b> has contributed to the successful rebirth and...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
news category
Related Categories:
