Sutlej Textiles and Industries Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 31, 2013 at 10:32 pm IST
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Sutlej Textiles and Industries Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 4,059.7 million against INR 3,511.3 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 338.9 million against INR 185.8 million a year ago. Profit from ordinary activities before tax was INR 294.7 million against INR 77.5 million a year ago. Net profit from ordinary activities after tax was INR 247.1 million against INR 62.9 million a year ago. Net profit for the period was INR 247.1 million compared to INR 62.9 million a year ago. Basic and diluted earnings per share were INR 22.62 compared to INR 5.76 a year ago.
For the nine months, the company reported net sales/income from operations of INR 12,373.0 million against INR 11,667.6 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 930.9 million against INR 650.7 million a year ago. Profit from ordinary activities before tax was INR 700.1 million against INR 320.0 million a year ago. Net profit from ordinary activities after tax was INR 610.1 million against INR 265.7 million a year ago. Net profit for the period was INR 610.1 million compared to INR 265.7 million a year ago. Basic and diluted earnings per share were INR 55.86 compared to INR 24.33 a year ago.
Sutlej Textiles and Industries Limited is an India-based textile manufacturing company. The Company primarily deals in cotton and manmade fibers yarn and home textiles. The Company operates through two segments: Yarn and Home textiles. Yarn segment comprises of recycled polyester staple fiber, cotton, and manmade fibers yarn. Home textiles segment comprises of home furnishing and fabric processing. The Companyâs yarns portfolio include polyester, acrylic, cotton melange, injection slub yarn, neppy yarn, roving grindle yarn, siro spun, siro compact, lycra twisted, core spun and double core yarns, in single-ply, double-ply, and multi-fold. It also manufactures specialty yarns, such as modal, lyocell, tencel, coolmax, lycra, and thermolite fiber. The Company offers a range of products through the home textiles category, which includes upholstery fabrics, drapery fabrics and made ups. The Company's subsidiary is Sutlej Holdings, Inc.