For the quarter ended June 30, 2017, Indo Rama Synthetics’ net revenues stood at Rs 652.54 crores as against Rs 727.45 crores in the corresponding quarter of the previous year. Operational ebidta for the quarter stood at Rs 22.16 crores as compared to Rs 21.68 crores for the corresponding quarter in the previous year. Net loss for the quarter ended June 30, 2017, is reported at Rs 15.57 crores as compared to a net loss of Rs 16.56 crores in the corresponding quarter of the previous year.

Indo Rama Synthetics is India's largest dedicated polyester manufacturer. The main business activities are textiles, polyesters, and industrial chemicals. However in the last few years there has been an oversupply of polyester in the industry. This has resulted in lower profit margins for the company.

Meanwhile, Indo Rama has taken several initiatives to improve its operational performance in terms of specialty products, higher capacity utilisation, cost control initiatives and addition of new customers. Production capacity is 6,10,050 tons per annum of polyester staple fiber, filament yarn, draw texturized yarn, fully drawn yarn and textile grade chips.

Indo Rama Synthetics’ sales volume rose 16.13 per cent for the quarter that ended on September 30, 2016.