Sutlej Textiles and Industries Ltd (STIL), a leading manufacturer of value added synthetic, cotton mélange yarns, fabrics & home textiles, has announced its results for the quarter ended 30th June 2014.
Revenue of the Company expanded to Rs 492.06 crore during the quarter as against Rs 442.96 crore generated during corresponding period previous year, an increase of 11.1 percent on account of improved realisations and better product mix. EBITDA for the period under review stood up by 4.6 percent at Rs 68.89 crore as against Rs 65.86 crore registered during the same period last year. PAT for Q1 FY 15 surged by 26.8 percent to Rs 35.74 crore as against Rs 28.19 crore during Q1 FY 14.
C.S. Nopany, Chairman, Sutlej Textiles and Industries Ltd said, “The Company’s concerted efforts of focusing on specialty yarn products facilitated in maintaining growth momentum even during challenging time as demonstrated by our performance. Further, while our attempts towards embedding a rigorous & business wide cost discipline benefits in making optimal utilisation of resources, our strong & innovative in- house R&D assists in widening our product mix thereby accentuating our ability in mitigating the cyclicality impact on the business. While the economy faces multiple headwinds at present, primarily pertinent to sub-normal monsoon, we are optimistic that the commissioning of additional value added cotton mélange yarn spindles and modernization of existing capacities will aid in further consolidation of our position in the industry and enable us to deliver healthy financial performance going forward.”