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Fabric manufacturer KLTL sales rise in Q3
16 Jan '07
2 min read
Krishna Lifestyle Technologies Limited (KLTL), a Navin Kumar Tayal Enterprise has posted an increase of 125.04 percent in the net profit at Rs 1.50 crores for the third quarter ended December 31, 2006 against a loss of Rs 5.99 crores in the corresponding quarter of the previous year.
The company has reported an increase of 18.27 percent in its net sales at Rs 50.16 crores during the third quarter ended 31 December, 2006 as against the net sales of Rs 42.41 crores during the previous corresponding quarter ended December 31, 2005.
The company has registered an impressive growth in its net profit in the first nine months of this fiscal at Rs 4.13 crores against a loss of Rs 11.41 crores in the corresponding period last year.
About the turnaround of the company, KLTL Chairman Mr Navin Kumar Tayal said, “After some years in red, the company is once again on a sound financial footing. With the world textile market wide open, the company's future looks excellent.”
Click here to view table:
Krishna Lifestyle Technologies Limited (KLTL) is an integrated textile unit engaged in the business of spinning, knitting and processing of yarn and fabrics.
Through his vast experience spanning over two decades, the Chairman of the company Mr. Navin Kumar Tayal has positioned KLTL as a backward integrated, high-end fabric manufacturer in the national and international market.
KLTL is also entering into the booming retail market in the country with a huge retail showroom in Mumbai scheduled to be in place in the latter part of this month. This will be the first of the company's more than 100 showrooms of retail chain in different parts of the country in three years.
The company has reported an increase of 18.27 percent in its net sales at Rs 50.16 crores during the third quarter ended 31 December, 2006 as against the net sales of Rs 42.41 crores during the previous corresponding quarter ended December 31, 2005.
The company has registered an impressive growth in its net profit in the first nine months of this fiscal at Rs 4.13 crores against a loss of Rs 11.41 crores in the corresponding period last year.
About the turnaround of the company, KLTL Chairman Mr Navin Kumar Tayal said, “After some years in red, the company is once again on a sound financial footing. With the world textile market wide open, the company's future looks excellent.”
Click here to view table:
Krishna Lifestyle Technologies Limited (KLTL) is an integrated textile unit engaged in the business of spinning, knitting and processing of yarn and fabrics.
Through his vast experience spanning over two decades, the Chairman of the company Mr. Navin Kumar Tayal has positioned KLTL as a backward integrated, high-end fabric manufacturer in the national and international market.
KLTL is also entering into the booming retail market in the country with a huge retail showroom in Mumbai scheduled to be in place in the latter part of this month. This will be the first of the company's more than 100 showrooms of retail chain in different parts of the country in three years.
Krishna Lifestyle Technologies Limited
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