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Century Textiles reports Rs 44.71% net profit in Q2 FY22

  

Century Textiles & Industries reported a consolidated net profit of Rs 44.71 crore in Q2 FY22 as against a net loss of Rs 14.13 crore in Q2 FY21.

Sales increased by 67.5 per centYoY to Rs 997.98 crore in Q2 FY22 over Q2 FY21. On the segmental front, revenue from textiles increased by 99.6 per cent to Rs 273.89 crore, revenue from pulp and paper increased by 63.7 per cent year-on-year to Rs 685.97 crore. On the other hand, revenue from real estate declined by 0.4 per cent to Rs 35.41 crore.

The company posted a pre-tax profit of Rs 61.99 crore in the second quarter. It had recorded a pre-tax loss of Rs 8.69 crore in the same period last year.

JC Laddha Managing Director, says, the textiles business’s strong revival was supported by robust domestic demand on account of upcoming festive season.

 
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