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News Flash
Sangam to invest Rs 541 cr for capacity expansion
29 Mar '06
2 min read
The company plans to diversify in supplying polyester viscose fabrics to Indian Army and other para-military forces.
It has supplied four lakh metre fabrics in first nine months, registering a growth of 350 percent in this segment.
The total demand for market size is estimated at five crore metres per annum.
Sangam (India) has posted a 62.65 percent rise in net profit at Rs 6.75 crore for the third quarter ended December 31, 2005 as compared to Rs 4.15 crore in the corresponding quarter previous year.
Net sales rose 6.23 percent to Rs 82.65 crore compared to Rs 77.80 crore during the same quarter previous year.
The company has improved its operating profit margin to 16.28 percent due to reduction in raw material cost and higher realisations.
It has supplied four lakh metre fabrics in first nine months, registering a growth of 350 percent in this segment.
The total demand for market size is estimated at five crore metres per annum.
Sangam (India) has posted a 62.65 percent rise in net profit at Rs 6.75 crore for the third quarter ended December 31, 2005 as compared to Rs 4.15 crore in the corresponding quarter previous year.
Net sales rose 6.23 percent to Rs 82.65 crore compared to Rs 77.80 crore during the same quarter previous year.
The company has improved its operating profit margin to 16.28 percent due to reduction in raw material cost and higher realisations.
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