Textile Giant Expands Retail Footprint, Announces Dividend Siyaram Silk Mills Ltd., a leading producer of high-fashion textiles, has released its financial results for the fourth quarter and fiscal year ending March 31, 2024. Despite facing challenges in consumer demand and market conditions,
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 […]
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, […]
Eastman Chemical Company announced its financial results for the first quarter of 2024, demonstrating robust sequential growth in both sales volume/mix and earnings. This impressive performance was primarily propelled by a resurgence in demand for specialty products within its advanced materials and additives and functional products segments. The company also achieved
In the quarter ended December 31, 2023, Himatsingka, a leading textile manufacturer, reported consolidated financial highlights showcasing both challenges and triumphs. The company’s consolidated total Income decreased by 3.3% YoY to Rs 725.10 crore compared to Rs 750.04 crore in Q3 FY23. EBITDA witnessed robust growth, surging by 35.3% to Rs 158.39 crore from Rs
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 softer note, with challenges persisting, particularly on the demand side […]
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
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 was Rs 29.3 crore, down from Rs 49 […]
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 […]
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% […]