Financial Results

Gokaldas Exports Q2 Revenues Fall, Expects Recovery In H2

November 5, 2023

Gokaldas Exports has released its financial results for the quarter ending on September 30. The company reported consolidated revenue of Rs 509 crore for the quarter, a decline from Rs 576.3 crore in the same quarter last year. Additionally, the consolidated profit before tax for this quarter

Financial Results

Andritz Posts Robust Q3 2023 Results With 11% Revenue Growth

November 5, 2023

Andritz, the international technology group, has reported strong financial results for the third quarter of 2023. Compared to Q3 2022, the company’s revenue increased by 11%, net income saw a 27% boost, and EBITA rose by 16%. However, the order intake was lower than the previous year due to the absence of large orders, but […]

Financial Results

Oerlikon Group Faces Headwinds In Sales & Margins For Q3 2023

November 5, 2023

Oerlikon Group recently released its Q3 2023 financial results, revealing headwinds in sales and margins due to challenging market conditions. During the third quarter, Oerlikon Group experienced a 25.8% drop in order intake to CHF 567 million, mainly attributed to a slump in demand in the polymer processing solutions segment. Sales also declined by 15.9% […]

Financial Results

Q2FY’24 Net Profit At Denim Maker Arvind Plunges 36%

Textile Insights November 2, 2023

Net profit at India’s biggest denim fabric manufacturer, Arvind Ltd plunged 36 percent year on year to Rs. 84.02 crore in the second fiscal quarter ending September 30, 2023 The Sanjay Lalbhai led company recorded operational revenue at Rs 1,921.73 crore in the quarter under review, down 11.43 percent as against Rs 2,169.81 crore in […]

Financial Results

Q2FY’24 Net Profit At Reliance Industries Shoots Up 29.9%

Textile Insights October 31, 2023

Net profit shot up 29.9 percent in the second fiscal quarter ended September 30, 2023 at Reliance Industries Ltd (RIL). However, gross revenues grew marginally by just 1.2 percent, both over a year ago quarter. In the three months to September 2023, net profit at Mukesh Ambani led RIL surged to Rs 19,878 crore, up […]

Financial Results

Century Textiles Reports Q2 Net Loss Of Rs 30 Crore

October 29, 2023

Century Textiles and Industries Limited recently reported its financial results for the quarter ending in September. Unfortunately, the company faced a challenging quarter, reporting a net loss of Rs 30 crore ($4.2 million) in contrast to a net profit of Rs 72 crore during the same period in the previous year. The total income for […]

Financial Results

Atul Ltd’s Revenue And Profit Decline YoY In Q2FY24

October 29, 2023

Atul Ltd released its financial results for the second quarter of fiscal year 2024 on October 20, 2023. The company experienced a 19.74% year-on-year decrease in its total revenue, with a YoY profit decline of 40.15%. In comparison to the previous quarter, the company’s revenue saw a modest growth of 0.99%, while profit declined by […]

Financial Results

Kewal Kiran Clothing Posts Robust Growth In Q2FY24 Revenue & Profits

October 29, 2023

On October 23, 2023, Kewal Kiran Clothing unveiled its Q2FY24 financial results, showing remarkable growth in performance. The company reported a 15.97% year-on-year increase in its topline and a substantial 27.04% YoY growth in profit. In comparison to the previous quarter, Kewal Kiran Clothing demonstrated impressive growth, with a 47.13% increase in revenue and a […]

Financial Results

Welspun Living Ltd Achieves Record Q2 Profit and Revenue

October 29, 2023

Welspun Living Ltd, a major player in the home textiles industry, announced a significant surge in consolidated net profit, reaching Rs 200.41 crore for the quarter ending September. This marks a substantial increase from the Rs 8.33 crore net profit reported during the same period in the previous year, as per a regulatory filing by […]

Financial Results

Rieter Sales Increase 11% In First Nine Months Of 2023

Textile Insights October 20, 2023

Rieter’s cumulative sales in the first nine months of 2023 amounted to CHF 1092.9 million, up 11 percent, as compared to CHF 987.4 million in the same period of 2022. “In particular, supply bottlenecks eased slightly, which allowed more machines to be delivered than in the same period last year,” Rieter observed in the press […]