Financial Results

BSL Ltd Revenue Up 2.1%, PAT Rises 1.8% In Q1 FY25

Textile Insights August 14, 2024

BSL Ltd, a leading textile company with fully integrated operations, has announced its unaudited financial results for Q1 FY25, ending June 30, 2024. The company posted a revenue of Rs 163.7 crore, marking a 2.1% increase year-on-year (YoY). Financial Highlights for Q1 FY25 (Rs in cr.):

Financial Results

Industry Recovery Boosts Margins Amid Global Challenges: Riju Jhunjhunwala

Textile Insights August 14, 2024

RSWM Ltd., one of India’s largest manufacturers of value-added synthetic, mélange, blended spun yarns, denim fabric, knitted fabric and green polyester fibres, has announced its unaudited financial results for Q1 FY25, ending on June 30, 2024. Financial Highlights for Q1 FY25 (Rs in cr.): Sales: Rs 1,208 cr., up 3.1% QoQ and 34.1% YoY Gross […]

Financial Results

Sutlej Textiles Reports Stable Q1, Wins Industry Awards

Textile Insights August 14, 2024

Sutlej Textiles and Industries Ltd has announced its financial results for the quarter ending June 30, 2024. For Q1FY25, the standalone total income remained stable at Rs 659 crore, consistent with Q4FY24, and down 0% from FY24. EBITDA was Rs 26 crore, with a margin of 4.0%, up from Rs 17 crore and 2.6% in […]

Financial Results

Banswara Syntex’s Fabric Revenue Up, Yarn and Garment Revenue Down

Textile Insights August 14, 2024

Banswara Syntex Ltd reported a total income of Rs 275 crore for the quarter, with an EBITDA of Rs 17 crore, PBDT of Rs 13 crore and a PAT of Rs 1 crore. The Yarn division’s revenue fell to Rs 100 crore, while the Fabric division saw an increase to Rs 113 crore. In contrast, […]

Financial Results

Grasim’s Consolidated Revenue Grows 9% In Q1FY25

Textile Insights August 14, 2024

Grasim Industries Ltd reported its financial results for the quarter ended 30th June 2024. The company’s consolidated revenue reached Rs 33,861 cr., marking a 9% increase YoY, driven by strong performance across its diversified business portfolio, including cellulosic staple fibre, building materials and financial services. Key Financial Metrics: Consolidated Revenue: Rs

Corporates

Indorama Ventures To Close PTA Plant In Montréal-Est

Textile Insights August 14, 2024

Indorama Ventures’ Combined PET business segment has announced plans to discontinue operations at its Purified Terephthalic Acid (PTA) plant in Montréal-Est, Montral, Canada with preparations for the closure set to begin in September 2024. This decision follows significant shifts in the polyester industry, notably due to new constructions and ongoing overcapacity in

Machinery

Balkan Tearing Line – Converting Textile Waste Into Value

Textile Insights August 12, 2024

Trützschler & Balkan Textile Machinery have collaborated to become the first full-service provider in spinning preparation for recycling of textile waste. Textile Hard Waste – This waste is collected from various sources as listed below: Households: Used clothes Retailers and brands: Unsold inventory, defective and returned items Manufacturing and production:

Machinery

Rieter Maintenance Kits – Spare Parts That Make A Difference!

Textile Insights August 10, 2024

Even the best spinning machines show signs of wear and tear after years of intensive operation. Investing in regular maintenance is smart and helps prevent breakdowns. Rieter maintenance kits combine spare and wear parts with the corresponding service life to improve machine performance and reduce conversion costs. In today’s fast-paced and technology-driven world,

Apparel, Fashion, Retail

From Virtual Try-Ons To Auto-Delivery: The Evolution Of Retail Apparel

Textile Insights August 10, 2024

The textile and apparel industry is undergoing a significant transformation, driven by technological advancements and evolving consumer preferences. The recently published “Adaptive Retail Report 2024” highlights several key trends that are shaping the future of this dynamic sector. Virtual Try-On Technology Revolutionizes Shopping One of the most notable

Economy

T&A Sector Has To Redeem Itself With Macro-Economic Budgetary Offerings

Textile Insights August 10, 2024

Even as the Union Budget 2024 has not been able to live up to the textile and apparel sector’s expectations in terms of direct benefits, the other macro-economic measures proposed by the Union Finance Minister to boost employment, skilling, infrastructure, start-up ecosystem, MSMEs, financial support for clean energy transition as also ensuing fiscal consolidation of […]