Home / Knowledge / News / Textiles / BSL records 55.43% jump in net profit in Q3 FY07

BSL records 55.43% jump in net profit in Q3 FY07

25
Jan '07
Erection of power plant to help boost margins from Q1FY08.

The Board of Directors of Banswara Syntex Ltd (BSL) adopted its Unaudited Financial Results for the third quarter ended December 31, 2006.

Financials:
BSL has posted a 55.43 per cent rise in net profit at Rs 3.59 crore for the third quarter ended December 31, 2006 as compared to Rs 2.31 crore in the corresponding quarter previous year. Net sales rose 11.65 percent to Rs 86.52 crore compared to Rs 77.49 crore during the same quarter previous year.

Meanwhile, the company has posted 144.87 percent rise in net profit at Rs 12.17 crore for the nine months period ended December 31, 2006 compared to Rs 4.97 crore in the corresponding period previous year. Net sales increased by 23.18 percent to Rs 273.41 crore compared to Rs 221.96 crore during the same period previous year.

Commenting on the results, R L Toshniwal, Chairman said, “BSL's profitability has been restrained on account of its high power cost. Going forward we are setting up an 18 MW thermal power plant, which is scheduled to become operational in Q1FY08. Higher contribution from garments and decline in power costs would enable the company achieve improvement in net profit margin from current levels of 4.50%.”

Click here to view unaudited financial results:

Banswara Syntex Ltd


Must ReadView All

European Commission proposes new EU GSP for 2024-2034 period

Textiles | On 24th Sep 2021

European Commission proposes new EU GSP for 2024-2034 period

The European Commission recently adopted the legislative proposal for ...

Pic: EURATEX

Press Release | On 24th Sep 2021

EURATEX president Paccanelli urges for support to tackle energy crisis

European Apparel and Textile Confederation (EURATEX) has announced...

Pic: Shutterstock

Apparel/Garments | On 24th Sep 2021

UK competition watchdog to crack down on green fashion claims

To help businesses understand how to communicate their green...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

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


September 2021

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


Advanced Search