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Yarn & fabric producer PSM Q3 revenues up

Jan '07
Priyadarshini Spinning Mills Limited (PSM) records Nine months revenues of Rs132 Crores with a growth of 19% year on year and Net Profit at Rs.306 Lakhs, growth of 14% year on year.

Priyadarshini Spinning Mills Limited announced a net profit of Rs.96 Lakhs for the quarter ended December 31, 2006. The profit after tax has gone up to Rs.306 Lakhs in these Nine months of 2006-07 as against Rs.264 Lakhs for the corresponding Nine months of the last fiscal year, representing a 14% jump.

Priyadarshini Spinning Mills Ltd is a Hyderabad based, Bombay Stock Exchange listed company. Priyadarshini has a capacity of 82,000 spindles. The company is well established in 100% cotton and synthetic blended spun yarns.

The product mix mainly consists of Polyester/Viscose blended grey yarn, 100% Cotton grey yarn, 100% Cotton yarn dyed, Polyester/Viscose blended fibre dyed yarn.

The company is ISO 9001 certified and has the status of an Export House. Priyadarshini clocked a turnover of Rs 152 Cr in the year 2005-06.

Click here to view full report:

Priyadarshini Spinning Mills Limited

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