Home / Knowledge / News / Textiles / Sales of Sangam India's dyed PV yarn moves up

Sales of Sangam India's dyed PV yarn moves up

22
Jul '10
Sangam (India), the largest polyester-viscose dyed yarn manufacturer in India, has achieved a 246.15 per cent rise in net profit at Rs 7.65 crore for the quarter-ended June 30, 2010 compared to Rs 2.21 crore in the corresponding quarter previous year. EBDITA during the quarter rose by 22.22 per cent to Rs 38.38 crore compared to Rs 31.40 crore in the corresponding quarter-ended June 2009.

Meanwhile, net sales grew by 30.35 per cent to Rs 255.10 crore for the quarter-ended June 2010 compared to Rs 195.70 crore in the corresponding quarter last year. The Earning Per Share (fully diluted) stood at Rs 1.94 for the quarter ended June 30, 2010.

Expansion Plan
The company is presently implementing an Rs35 crore expansion plan to double its denim production from 8.00 million meter to 16 million meter by setting up additional line. As part of its strategy, Sangam (India) plans manufacture various value-added denim products; this will start generating revenue by dec.2010.

In FY09, the company had completed its Rs 650 crore major expansion plan by adding 1.29 lakh spindles, 130 weaving machines, setting up of 21MW power plant and modernising of process house.

Management Comment
Commenting on the result R.P.Soni Chairman of the company said, “The demand for polyester-viscose (PV) dyed yarn is picking up on account of rising domestic demand. In volumes terms, company's dyed PV yarn sales (in volume terms) in Q1FY11 moved up 16 per cent year-on-year basis at 11670 MT, while dyed PV yarn realisations increased by 25% per cent to Rs 164 per kg .” He also added, “The company has witnessed a significant improvement in its order-book position. As on June 30, 2010, company's total order book position stood at Rs 170 crore, including export order of Rs 54 crore.

Promoted by first-generation entrepreneurs Mr R P Soni and Mr S N Modani, Sangam (India) is one of the largest manufacturers of polyester dyed yarn in the country. At present, Sangam India has 162720 spindles of polyester-viscose dyed yarn and 31,200 spindles for cotton yarn installed in Bhilwara along with 257 weaving machines and a 31 MW thermal power plant.

The company also has strong presence in the Indian synthetic blended fabric segment with brands like Anmol and Sangam. The company has an established client base, like Reliance, Reid & Taylor, Siyaram and Grasim. Its fabric is marketed through a network of 200 dealers and 1000 retailers.

Sangam India Ltd


Must ReadView All

Pic: Shutterstock

Textiles | On 30th Mar 2020

PRC economy to quickly return to potential growth: PBOC

China's economy will swiftly return to its potential growth rate,...

Pic: Shutterstock

Apparel/Garments | On 30th Mar 2020

COVID FightBack: Malaysia takes steps to tackle impact

Malaysia will grant a six-month delay on most loan payments to ease...

Pic: Shutterstock

Retail | On 30th Mar 2020

NRF hails US House of Representatives consent to CARES Act

The National Retail Federation has welcomed the quick passage by the...

Interviews View All

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Roz Guarnori,

Roz Guarnori

FESPA Global Print Expo 2019, to be held in Munich from May 14-17, is...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


March 2020

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


Advanced Search