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Q1FY17 net jumps 43% at Sutlej Textiles
06
Aug '16
Courtesy: Sutlej textile
Courtesy: Sutlej textile
For the first fiscal quarter ended June 30, 2017, CS Nopany led Sutlej Textiles and Industries reported a 43 per cent year over year jump in net profit at Rs 45.09 crore.

Resultantly, earnings per share too surged to Rs 27.52 per share compared to Rs 19.26 that Sutlej announced in the first quarter of fiscal 2015-16.

The company posted total income of Rs 561.45 crore in the reporting quarter, which is an increase of 20 per cent over the Rs 469.58 crore it recorded in the fiscal ago quarter.

EBIDTA too was up 23 per cent at Rs 86.44 crore in the first quarter of fiscal 2016-17 as against Rs 70.20 crore in the prior fiscal's first quarter.

Sutlej said it invested around Rs 17 crore during the quarter, towards technology up-gradation and debottlenecking, etc, which will result in improvement of efficiency and sustaining plant utilisation.

The company intends to invest a further amount of Rs 67 crore during the fiscal towards technology up-gradation and debottlenecking, etc. (AR)

Fibre2fashion News Desk - India


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