Financial Results

Gokaldas Exports Q2 Revenues Fall, Expects Recovery In H2

Textile Insights 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

Textile Insights 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

Textile Insights 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

Century Textiles Reports Q2 Net Loss Of Rs 30 Crore

Textile Insights 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

Textile Insights 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

Textile Insights 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

Oerlikon Group Sales Drop 4.4% In Q2

Textile Insights August 11, 2023

In the second quarter ending June 30, 2023, Oerlikon Group sales dropped slightly by 4.4 percent year on year, to CHF 702 million, mainly driven by postponements in Polymer Processing Solutions’ filament orders. However, the Switzerland based group’s sales rose 3.6 percent from a year ago quarter, including 5.9 percent from Riri at constant exchange […]

Industry

Century Textiles & Industries Slips Into Loss In Q1FY’24

Textile Insights July 24, 2023

Aditya Birla Group owned Century Textiles & Industries slipped into a loss in the first quarter of fiscal ending June 2023 as against profit in the same quarter of previous fiscal. The company posted net loss of Rs 5.88 crores for the period ended June 30, 2023 as against net profit of Rs 46.31 crores […]

Corporates

Rieter Achieves 22% Sales Growth And Unveils Ambitious Performance Programme

Textile Insights July 20, 2023

Rieter has announced impressive financial results for the first half of 2023, demonstrating a robust recovery despite challenging market conditions. The company recorded a significant sales increase of 22.2% to CHF 758.2 million compared to the same period last year. The positive sales growth was accomplished despite the impact of the earthquake in Türkiye, which […]