Home / Knowledge / News / Textiles / Post expansion SEL posts 117.6% rise in Q1 FY'14 sales
Post expansion SEL posts 117.6% rise in Q1 FY'14 sales
17
Aug '13
SEL Manufacturing Company Limited, a Ludhiana based integrated textile conglomerate, has registered a turnover of Rs. 1381.58 crore during the quarter ended 30th June, 2013 as against Rs. 634.76 crore in the corresponding quarter last year, thereby registering a growth of 117.65%. Earnings before depreciation, finance cost and tax increased from Rs.118.93 crore during the first quarter of financial year 2012-13 to Rs. 241.27 crore during the quarter ended 30th June, 2013, showing an increase of 102.87%.

Profit after Tax (PAT) recorded an increase of 213.98%, from Rs. 16.81 crore during the quarter ended 30th June, 2012 to Rs. 52.78 crore during the quarter ended 30th June, 2013. The group is one of the fastest growing integrated textile conglomerate having presence in yarns, knitted fabrics, terry towel, ready-made garments and captive power generation. SEL Manufacturing Company Limited has been ranked 14th as per Total Income in the textile sector in Dun & Bradstreet,s India,s Top 500 Companies 2012.

SEL Textiles Limited, a wholly owned subsidiary of SEL Manufacturing Company Limited, recently commissioned the state-of-the-art Greenfield Mega Integrated Textile Park at Village Panjava, District Muktsar, Punjab in April, 2013. In the first phase, SEL commissioned the yarn spinning section, which is being set-up with a capacity of nearly 2 lac. spindles. This unit will have forward integration in denims.

SEL has already proved its capabilities in implementation of new projects. The better performance of the Company is attributable not only to better textile market conditions but also to the increased production levels on account of various expansion projects undertaken by the Company in the preceding years, including one of the largest spinning units at Village Mehatwara in Madhya Pradesh and the doubling of the capacities of the spinning units located at Hansi in Hissar and Neemrana in Rajasthan. SEL is confident that the true value of expansion shall be captured in the years to come, thereby fulfilling the expectations of its stakeholders.

SEL Manufacturing Company


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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

Leave your Comments


October 2021

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


Advanced Search