Home / Knowledge / News / Textiles / S. Kumars Nationwide maintains growth momentum
S. Kumars Nationwide maintains growth momentum
18
Jan '08
S. Kumars Nationwide Ltd (SKNL), India's leading multi-fibre, multi-segment diversified Textile Company, announces its results for the third quarter ended 31st December, 2007.

S. Kumars Nationwide Limited announced its financial results for the quarter ended December 31, 2007 Sales for the quarter was Rs. 453.07 crores.

On the back of 44.2% growth in turnover to Rs 453.07 crores from the previous years corresponding quarter figure of Rs 314.29 crores, operating profit rose to Rs 103.92 crore, a growth of Rs 58.4%.

Profit After Tax (PAT) for the quarter stands at Rs 57.20 crores against a corresponding figure of Rs 33.21 crore indicating an increase of 72.2 %. Operating margin has improved to 22.9% from 20.9%.

Commenting on the results, Mr. Nitin S Kasliwal, Vice Chairman and Managing Director, SKNL said “The company would maintain its growth momentum through continued thrust on its existing businesses.

Our concentration on the domestic market has permitted us to expand market share and more importantly protect margins.”

Q3 2007 Snapshot:
1) Net Sales from operations was Rs 453.07 crores for the quarter ended December 31, 2007 as against Rs 314.29 crores for the previous year in the same quarter.
2) Profit Before Tax was Rs 64.68 crore for the quarter ended December 31, 2007 as against Rs 37.62 crores for the previous year in the same quarter.
3) Net Profit after Tax was Rs 57.20 crore for the quarter ended December 31, 2007 as against Rs 33.21.Crores for the previous year in the same quarter.

S Kumars Nationwide Limited


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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


August 2018

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

news category


Related Categories:

Advanced Search