Financial Results

TMAS Joins ITMF As Associate Member, Enhancing Global Textile Machinery Collaboration

May 12, 2024

The Swedish Textile Machinery Association (TMAS) has recently become an Associate Member of the International Textile Manufacturers Federation (ITMF), further expanding ITMF’s role as a premier international forum for the global textile manufacturing value chain. With ITMF already

Financial Results

Bombay Dyeing Records Net Profit Rs 2949 Crores

May 12, 2024

Bombay Dyeing has reported robust financial results for the quarter and fiscal year ended March 31, 2024. In Q4, consolidated sales reached Rs 381 crore, with a net profit of Rs 66 crore. For the entire fiscal year, consolidated revenue amounted to Rs 1,688 crore, while net profit stood at Rs 2,949 crore, inclusive of […]

Financial Results

Arvind Ltd Reports Strong Q4 FY24 Performance

May 12, 2024

Arvind Ltd has announced robust operational and financial performance in Q4 FY24, reflecting the success of its strategic initiatives amidst global challenges. The highlights include: Financial Performance (YoY): Overall revenues reached Rs 2075 cr, marking a solid 10% growth. Record EBITDA of Rs 243 cr, surge by 27%, with a margin increase to 11.7%. PAT […]

Financial Results

Century Textiles’ Net Profit Plummets 97% In Q4FY’24

May 12, 2024

Century Textiles & Industries Ltd posted a 97 per cent drop in net profit to Rs 4 crore for the fourth quarter ended March 31, 2024 compared to Rs 145 crore in the year ago quarter. However, revenues in the January to March 2024 quarter grew 60 per cent to Rs 1,542 crore, up from […]

Financial Results

Nitin Spinners Ends FY24 With Remarkable Achievements And Strength

May 12, 2024

Nitin Spinners, India’s leading manufacturer of cotton & blended yarn, knitted fabrics, greige and finished woven fabrics, concluded its fiscal year 2024 on a high note, reporting significant growth and strategic advancements. Under the leadership of Dinesh Nolkha, Managing Director, the company has demonstrated resilience, agility, and a commitment to excellence,

Financial Results

Net Profit At Century Textiles Plummets 97% In Q4FY’24

Textile Insights May 10, 2024

Century Textiles & Industries Ltd posted a 97 percent drop in net profit to Rs 4 crore for the fourth quarter ended March 31, 2024 compared to Rs 145 crore in the year ago quarter. However, revenues in the January to March 2024 quarter grew 60 percent to Rs 1,542 crore, up from Rs 965 […]

Financial Results

Q1 Lenzing Group Revenues Increase 5.7% To €658.4 Million

Textile Insights May 9, 2024

Lenzing Group revenues rose by 5.7 percent year-on-year to €658.4 million in the first quarter of 2024, which it attributed to higher fibre sales volumes. Earnings before interest, tax, depreciation and amortization (EBITDA) more than doubled to €71.4 million in the reporting period compared with €29.7 million in the first quarter of 2023. “The operating […]

Financial Results

Filatex India Announces Q4FY24 & FY24 Audited Results

May 5, 2024

Filatex India Ltd, a leading manufacturer of synthetic filament yarns, reported its audited results for Q4FY24 & FY24 on April 30, 2024. Filatex reported revenue of Rs 1,026 crore in Q4FY24 (Rs 1,083 cr in Q3FY24), EBITDA of Rs 64.6 cr (vs. Rs 74.7 cr), Profit Before Tax of Rs 47.2 cr (vs. Rs 25.2 […]

Financial Results

Raymond Achieves Record Annual Revenue, Posts Highest-Ever EBITDA

May 5, 2024

Raymond Ltd announced its audited financial results for the year ended March 31, 2024, achieving its highest-ever annual revenue of Rs 9,286 cr and EBITDA of Rs 1,575 cr, with an EBITDA margin of 17.0%. Despite challenges in the lifestyle business, Raymond maintained double-digit revenue growth of 11% in FY24 compared to the previous year, […]

Financial Results

Axita Cotton Ltd Achieves Record Revenue And Profit In FY 24

April 28, 2024

Axita Cotton Ltd has reached unprecedented heights with a staggering revenue of Rs 1104 crore and all-time high profit in the fiscal year 2023-2024, marking a remarkable 100.89% year-on-year increase from Rs 549.83 crore. This extraordinary achievement reflects Axita Cotton’s dedication to exceeding expectations and delivering exceptional value. Chairman Nitinbhai