Sutlej Textiles and Industries recorded a net profit of Rs 111 crores during the nine months of the current financial year as against Rs 61 crores during the corresponding period last year, a growth of 82 per cent. Revenues grew by 12 per cent during this period. EBITDA showed a growth of 36 per cent.
Sutlej is a manufacturer of value added synthetic, cotton and blended yarns, fabrics and home furnishing. Its production facilities are vertically integrated, from spinning and weaving to dyeing and finishing. The company is expanding spinning its capacity and upgrading existing projects. The strategy is to focus on manufacturing niche products in the yarn category namely specialty and value added yarns.
Innovative R & D enables it to broaden its sourcing capabilities, strengthening its ability to mitigate volatile raw material prices over the years. The company hopes the implementation of capacity addition and modernization will further consolidate its position within the industry and enable it to deliver a healthy financial performance going forward.
Sutlej Textiles has won several export awards. It has a footprint in countries like Australia, Argentina, Bangladesh, China, Turkey, United States and UAE.
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