Home / Knowledge / News / Textiles / Spentex announces Q3 FY07 results

Spentex announces Q3 FY07 results

Jan '07
Spentex Industries Limited (SIL), one of India's largest yarn manufacturers, has recorded consolidated income of Rs 256.41 crore for the quarter ended December 31, 2006, an increase of 252.94% from Rs 72.65 crore in the corresponding quarter last fiscal.

The net profit also increased substantially by 200.47% to Rs 12.80 in Q3 FY07 from Rs 4.26 crore in Q3 FY06. EBIDTA for Q3 FY07 stood at Rs 37.16 crore as against 7.85 crore in the corresponding previous quarter last fiscal.

The EBIDTA margin increased to 14.02% from 10.43%. The EPS of quarter ended 31/12/06 was at Rs 1.92 (basic) and Rs 1.79 (diluted).

The nine-month figures of the company also showed a steady growth with 126.77% increase in the turnover to Rs 606.68 crore from Rs 267.53 crore in the corresponding quarter last year.

The net profit also increased to Rs 15.65 crore in Q3 FY07, an increase of 43.18% from Rs 10.93 crore. The EBIDTA margin for the nine months also increased to 12.88% from 7.83% for the nine months ended December 31, 2005.

The figures of the current quarter and nine months include the figures post merger of Indo Rama Textiles Ltd. with Spentex Industries Ltd. and its subsidiaries Amit Spinning Industries Ltd, Spentex Netherlands B.V. and step down subsidiary Spentex Tashkent Toytepa LLC, etc.

Commenting on the performance of the company in third quarter of the current fiscal, Mr. Mukund Choudhary, Managing Director, Spentex Industries Limited, said, “We have seen a phenomenal increase in our turnover and profits this quarter and expect them to continue showing an upward trend in the coming quarters."

Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Sep 2021

Global economic recovery continues but remains uneven: OECD

The global economy is growing far more strongly than anticipated a...

Pic: Shutterstock

Textiles | On 23rd Sep 2021

ADB revises down Cambodia’s growth forecast, sees rebound in 2022

Cambodia’s economy is projected to grow by 1.9 per cent this year...

Pic: Shutterstock

Retail | On 23rd Sep 2021

Prompt action needed to reduce business rates burden on UK retail: BRC

The British Retail Consortium has urged the government to take prompt ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

 Natacha Defeche, Edana

Natacha Defeche

Since 1971, EDANA, the International association serving the nonwovens and ...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

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

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

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj

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


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2021

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

Advanced Search