Financial Results

Fineotex Raises Rs 342.5 Crores Via Equity And Warrants

Textile Insights July 25, 2024

Fineotex Chemical, a leading specialty chemical manufacturer, announces the successful fund raising of Rs 342.5 crores through a preferential allotment of equity shares and convertible warrants. The fund-raising was executed in two distinct phases: Phase I: The Company allotted 970,000 equity

Financial Results

Trident Ltd Reports 19.1% Profit Drop In Q1FY25

Textile Insights July 25, 2024

Trident Ltd., reported a 19.1% decline in its consolidated profit after tax, totaling Rs. 73.89 crore for the first quarter of FY25. This is down from Rs. 91.34 crore in the same quarter last year, according to a regulatory filing. Despite the drop in profit, the company’s revenue from operations increased by 16.66% to Rs. […]

Financial Results

Welspun Living Sees 17% Revenue Growth In Q1FY25

Textile Insights July 25, 2024

Welspun Living Ltd., a global leader in home textiles and part of the US$ 3.6 billion Welspun Group, announced its Q1FY25 results, showcasing robust performance despite global challenges. The company reported a total income of Rs. 25,885 million for Q1FY25, a 17% year-on-year (YoY) increase. The company’s EBITDA rose by 15.2% YoY to Rs. 3,935 […]

Financial Results

Sportking India Q1 FY25: Revenue Up 17.7%, PAT Jumps 75%

Textile Insights July 22, 2024

Sportking India Limited, a leading textile company in India, has announced strong financial results for Q1 FY25, ending 30th June 2024. The company reported a revenue of Rs. 634.0 crores, reflecting a 17.7% year-over-year (YoY) increase and a 3.7% rise quarter-over-quarter (QoQ). EBITDA surged by 48.3% YoY to Rs. 73.8 crores, with the EBITDA margin […]

Financial Results

Rieter Group Reports Strong H1 2024 Order Intake

July 18, 2024

In the first half of 2024, Rieter Group achieved a significant order intake of CHF 403.4 million, marking a 24% increase compared to the same period last year. However, sales declined to CHF 421.0 million, down 44% from the previous year, as anticipated. Amid a challenging business environment, Rieter maintained a 2.1% EBIT margin through […]

Financial Results

Inditex Q12024: Strong Operating Performance

July 9, 2024

Inditex’s robust operating performance in Q12024 is attributed to the creativity of its teams and the effective execution of its integrated business model. The Spring/Summer collections were well received, leading to a 7.1% sales increase, reaching €8.2 billion. Sales in constant currency grew by 10.6%. Gross profit rose by 7.3% to €4.9 billion, with a […]

Financial Results

H&M Group Reports Strong Q2 Performance With 52% Increase In Profit

June 30, 2024

The H&M Group has reported a robust performance in the second quarter of 2024, with net sales increasing by 3% to SEK 59,605 million and gross profit rising by 11% to SEK 33,569 million. The company’s gross margin improved to 56.3% from 52.7% in the same period last year. Operating profit surged to SEK 7,098 […]

Financial Results

Vipul Organics Sees Bright Future Amid Sectoral Growth: Vipul Shah

May 31, 2024

Vipul Organics Limited, a leading specialty chemicals company in the pigments and dyes segment, has announced its annual results for FY24 with impressive growth and promising outlooks across various fronts. Total revenues for FY24 reached Rs. 15,099.30 lakhs, up by 12.68% from the previous fiscal year. Profit Before Tax (PBT) surged by 68.87% on a […]

Financial Results

Globe Textiles Reports 127.65% Rise In Net Profit For FY24

May 31, 2024

Globe Textiles India Ltd, a prominent textile exporter of fabrics and garments, announced its financial results for Q4 and the full fiscal year 2023-24, demonstrating robust performance driven by strong demand, operational efficiencies, and strategic market expansion. For Q4 FY24, the company reported overall revenues of ₹43,100.39 lakhs, a 107% increase year-over-year,

Financial Results

Harish Textile Engineers Slips Into Q4FY’2024 Net Loss

Textile Insights May 31, 2024

Mumbai headquartered Harish Textile Engineers slipped in to a loss in the fourth fiscal quarter ending March 31, 2024. However, the company reported an increase in sales in the same quarter. The textile machinery manufacturer reported a net loss of Rs 0.86 crore in the January to March 2024 quarter compared to profit of Rs […]