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

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 […]

Financial Results

Monte Carlo Fashions Reports FY24 Earnings Decline, Reveals Growth Plans

May 31, 2024

Monte Carlo Fashions Limited, a leading lifestyle apparel brand in India, announced its financial results for the fourth quarter and full fiscal year ending March 31, 2024. Despite facing challenges, the company continues to demonstrate a strong market presence and strategic growth initiatives. In Q4-FY24, the company reported revenue of INR 2,065 million, a decline […]

Financial Results

Aditya Birla Fashion And Retail’s Net Loss at 37% In Q4FY’24

Textile Insights May 30, 2024

In the fourth quarter of fiscal 2023-24, net loss at Aditya Birla Fashion and Retail Ltd (ABFRL) stood at 37 percent and reached Rs 266 crore compared to Rs 195 crore in the comparable months of earlier fiscal. Revenue in the January to March period at the Aditya Birla Group company grew to Rs 3,407 […]

Financial Results

Mafatlal Industries’ FY24 Report: Revenue Peaks, Profit Peaks

May 29, 2024

Mafatlal Industries Ltd, a cornerstone of India’s textile sector, has announced its audited financial results for the fourth quarter (Q4FY24) and the full fiscal year (FY24), marking a historic milestone with the highest ever quarterly and annual revenues in the company’s long-standing history. In Q4FY24, the company achieved an unprecedented revenue from

Financial Results

FY24 Milestone: Garware Technical Fibres Surpasses Rs. 200 Crore PAT, Rs. 100 EPS

May 29, 2024

Garware Technical Fibres Ltd., a prominent manufacturer of technical textiles serving both domestic and international markets, released its audited financial results for the quarter and fiscal year ending March 31, 2024. In the fourth quarter of FY24, Garware Technical Fibres recorded a 3% increase in net sales, totaling Rs. 382.3 Crores compared to Rs. 370.5 […]

Financial Results

Indo Count Industries Surpasses Rs. 2000 Crores Net Worth In FY24

May 28, 2024

Indo Count Industries Ltd, a leading global manufacturer of home textile bed linen, has announced its audited financial results for the fiscal year ending March 31, 2024. The company has achieved its highest-ever yearly revenue and EBITDA, marking a significant milestone in its financial performance. Indo Count’s net worth crossed Rs. 2000 crores, reaching Rs. […]

Financial Results

Gokaldas Exports Reports Strong Q4, Announces Acquisitions

May 27, 2024

Gokaldas Exports Ltd, a leading garment manufacturer, has announced its financial results for Q4 FY24, showcasing significant growth and strategic expansions aimed at bolstering its market position. For the quarter ending March 31, 2024, Gokaldas Exports reported consolidated revenue of ₹ 818.0 crore, marking a 54% increase from ₹ 530.1 crore in Q4 FY23. The […]

Financial Results

Grasim Industries Achieves Highest-Ever Revenue And EBITDA In FY24

May 26, 2024

Grasim Industries Ltd has reported its highest-ever consolidated revenue of Rs 1,30,978 crore for the financial year ending March 31, 2024, marking an 11% year-on-year increase. This achievement is attributed to the robust performance across its diversified business portfolio, particularly in building materials and financial services. The company’s consolidated

Financial Results

Syre Secures $100 Million Series A Funding For Textile Recycling

May 26, 2024

Syre, the textile impact company initiated by Vargas and H&M Group, has secured a $100 million Series A funding round. Led by TPG Rise Climate, the round included investments from H&M Group, Giant Ventures, IMAS Foundation, Norrsken VC, and Volvo cars. CEO Dennis Nobelius expressed excitement about the ambitious investors joining their mission to drive […]