Siyaram Silk Mills Ltd. Announces Standalone Unaudited Earnings Results for Third Quarter and Nine Months Ended December 31, 2015
January 23, 2016 at 07:02 pm IST
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Siyaram Silk Mills Ltd. announced standalone unaudited earnings results for third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 4,154.0 million, profit from operations before other income and finance costs of INR 363.1 million, net profit of INR 208.6 million compared to the net sales/income from operations of INR 3,298.8 million, profit from operations before other income and finance costs of INR 247.8 million, net profit of INR 130.4 million for the same quarter a year ago. Earnings per share were INR 22.25 against INR 13.91 a year ago.
For the year to date, the company reported net sales/income from operations of INR 11,130.1 million, profit from operations before other income and finance costs of INR 964.5 million, net profit of INR 555.2 million compared to the net sales/income from operations of INR 10,285.1 million, profit from operations before other income and finance costs of INR 849.1 million, net profit of INR 466.5 million for the same period a year ago. Earnings per share were INR 59.23 against INR 49.77 a year ago.
Siyaram Silk Mills Limited is an India-based textile company. The Company is engaged in manufacturing, branding and marketing of fabrics, readymade garments and indigo dyed yarn. Its businesses include fabrics, apparel, exports, home furnishing, institutional, yarns, and retail. It offers a range of fabrics, including polyester viscose, polyester viscose blend, polyester viscose lycra, polyester cotton, wool linen, polyester viscose linen, polyester wool, wool lycra and others. It offers indigo products, which include 100% cotton indigo dyed yarn, cotton-poly blended indigo dyed yarn, cotton/lycra indigo dyed yarn, cotton slub yarn indigo dyed yarn, fancy indigo dyed yarn and viscose/excel/tencel indigo dyed yarn. The institutional division of it caters to diverse markets, offering a varied range of garments, including formal wear, casual attire, uniform for office and home furnishing fabrics. Its brands include Miniature, Oxemberg, Royale Linen, Unicode, Cadini and others.