For the first quarter Sutlej Textiles’ net profit increased 42.9 per cent year on year and revenue grew 19.5 per cent year on year.
Presently its EBITDA margin is about 15 per cent. Sutlej feels that the margin should further improve going ahead given the rains and the Seventh Pay Commission. The company’s total income is at around Rs 550 crores.
The company is focusing more on exports and the home textile segment and has seen exports increase by 30 per cent sequentially.
Sutlej is into the manufacture of value added dyed yarns and mélange yarns and is also focusing on fancy yarns and value added products.
Sutlej Textiles is one of the largest integrated textile manufacturing companies in India. It has the capacity to manufacture single ply, double ply and multi ply grindle, roving grindle, core spun, slub and other fancy yarns.
The daily production is up to 385 tons of dyed synthetic and blended yarns, cotton mélange and cotton blended mélange and dyed yarns, yarns from specialty fibers like modal, tencel, bamboo, cool max, fancy yarns like siro spun, siro compact, lycra twisted, core spun, double core yarn etc. in single ply, double ply and multifold.
