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

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 […]

Financial Results

Zara Owner Inditex Reports 40.1% Surge In H1 Net Income

Textile Insights September 15, 2023

Inditex, owner of iconic garment brand Zara said its net income surged 40.1 percent year on year to €2.5 billion in the first six months of current year. Inditex also recorded a 13.5 percent sales growth over the first half of previous year and stood at €16.9 billion in the period between January and June […]

Financial Results

Lenzing Group Revises EBITDA Downwards For 2023

Textile Insights September 15, 2023

Manufacturer of sustainable cellulose fibres Lenzing Group has revised downwards its EBITDA for the current financial year. The Austrian company attributed the revision to continued weak development of markets relevant to Lenzing, coupled with very cautious market expectations in 2023. “Taking into account the current lack of market recovery, the previous earnings forecast

Financial Results

Q1FY’24 Net Profit At Garware Technical Fibres Surges 52%

Textile Insights August 17, 2023

Net profit in the first fiscal quarter ending June 30, 2023 at Garware Technical Fibres surged 52 percent to Rs 43 crore as against Rs 28.2o crore in the corresponding period of fiscal 2023. Net sales of the ISO 14001:2015 and ISO 9001:2015 certified company increased 7 percent year on year to Rs 325.7 crore […]

Financial Results

Consolidated Revenues At Grasim Rises 11% in Q1FY’24

Textile Insights August 16, 2023

In the first fiscal quarter ending June 30, 2023, consolidated revenues at Grasim Industries rose 11 percent from a year ago quarter to Rs 31,065. In the reporting quarter, consolidated EBITDA at the Aditya Birla Group company totaled Rs 4,981 crore, up 11 percent against first quarter of fiscal 2023. Profit after tax fell 18 […]