Financial Results

Banswara Syntex Reports Subdued Performance In 9MFY24 Amidst Market Slowdown

February 4, 2024

In a recent announcement, Banswara Syntex Ltd, a leading textile company, disclosed its financial results for the first nine months of fiscal year FY24. Commenting on the results, Ravindra Kumar Toshniwal, Managing Director, remarked, “The second half of fiscal year FY24 has begun on a

Financial Results

Eastman Chemical Company Posts Robust Results For Q4 & FY2023

February 4, 2024

Eastman Chemical Company reported fourth-quarter and full-year 2023 results with significant achievements. The company generated approximately US$ 1.4 billion in cash from operating activities in 2023, showcasing robust cash flow. Demonstrating commercial prowess, Eastman offset macro-driven volume challenges with pricing excellence, reducing costs by about US$ 200 million

Financial Results

Net Profit At Century Textiles Soars 855 Percent In Q3FY’24

Textile Insights February 3, 2024

Net profit at Century Textiles and Industries Ltd soared 855 percent to Rs 83.3 crore in the third quarter of the fiscal 2023-24, compared to Rs 8.72 crore in the corresponding quarter of the previous fiscal. The Aditya Birla Group’s company revenues in the three months to December 31, 2023 increased 8.8 percent to Rs […]

Financial Results

Net Profit At Raymond Almost Doubles To Rs 184cr In Q3FY’24

Textile Insights February 2, 2024

Net profits at Gautam Singhania led Raymond almost doubled to Rs 184 crore in the third fiscal quarter ending December 31, 2023 from Rs 95 crore in the corresponding quarter of fiscal 2022-23. During the three months to December 2023, revenue increased 11 percent year on year to Rs 2,450 crore, with an EBITDA margin […]

Financial Results

Arvind Ltd Reports 8.41% Increase In Q3FY’24 Net Profit

Textile Insights February 1, 2024

Sanjay Lalbhai led Arvind Ltd reported an 8.41 percent year on year increase in consolidated net profit at Rs 94.32 crore for the third fiscal quarter ended December 31, 2023. “But, revenues from operations, impacted by price deflation, dropped 4.62 percent from a year ago quarter to Rs 1,888.24 crore during the three months to […]

Financial Results

Rieter Group Sales Drop 6% To CHF 1,418.6 Million In 2023

Textile Insights January 24, 2024

The Rieter Group released its unaudited figures for financial year 2023 in which its sales dropped around 6 percent to CHF 1,418.6 million as against CHF 1,510.9 million in 2022. The Business Group Machines & Systems recorded sales of CHF 965.0 million, a decrease of 7 percent year on year, while sales at the Business […]

Financial Results

Reliance Industries Posts 10.9% Growth In Q3FY’24 Net Profit

Textile Insights January 20, 2024

In the third quarter of fiscal 2023-24, Reliance Industries Ltd (RIL) reported 10.9 percent year on year growth in net profit to Rs 19,641 crore, boosted by its retail, Jio, oil & gas divisions. The Mukesh Ambani led company posted consolidated revenues in the October to December quarter at Rs 248,160 crore, up 3.2 percent […]

Financial Results

In First Nine Months Of 2023 Sales Climb 11.1% At Inditex

Textile Insights December 15, 2023

In the first nine months of 2023, sales at Inditex and owner of fashion brands like Zara and Pull&Bear climbed 11.1 percent to reach €25.6 billion, from satisfactory development in both stores and online. The Spanish fashion group added that sales were positive in all geographical areas and in all concepts and sales in constant […]

Financial Results

Grasim Industries Reports Marginal Decline In Profits For Q2 FY2024

November 19, 2023

Grasim Industries Limited, a leading player in the textile industry, has announced its consolidated financial results for the quarter ended September 30, 2023, showcasing key insights into the company’s performance. The company’s total income for Q2 FY2024 stood at Rs 30,505.27 crore, reflecting a slight decrease from Rs 31,360.98 crore in Q1 FY2024. Net profit

Financial Results

Vipul Organics Posts Robust Results For Q2 FY2023-24

November 19, 2023

Vipul Organics Ltd, the leading specialty chemicals company in the pigments and dyes segment, has announced its Quarter 2 results for FY2023-24. Some of the key highlights on a standalone basis include: In Q2 of 2023-24, the company recorded total revenues of Rs 3,660.19 lakh, marking a marginal 1% increase from Q1 of the same […]