Textiles company Sangam(India) announced Q4FY23 & FY23 results: Q4FY23: The company's revenue for Q4FY23 is Rs 688 crore against revenue of Rs 605 crore in Q3FY23 The company's EBITDA for Q4FY23 is Rs 76 crore Export Sales for Q4FY23 is Rs 200 crore & Domestic Sales for Q4FY23 is Rs 488 crore FY23: Gross revenue for FY23 is Rs 2,715 crore against the FY22 is Rs 2,438 crore with a growth of 11% over the YoY, whereas Fabric division sees the revenue growth of 25% of YOY. Total EBITDA for FY23 is Rs 319 crore against FY22 total EBITDA is Rs 315 crore, growth over 1% YoY Total export sales for the year ended FY23 is Rs 756.1 crore against total export sales for FY23 is Rs 921 crore Result PDF
Textiles, Apparels and Accessories company Sangam (India) declares Q3FY22 result: 47% YoY jump in revenue to Rs 646 crore in Q3 FY22 Total sales recorded for the 9 months period ended stand at Rs 1,691 crore Exports record a 114% YoY growth at Rs 607 crore EBIDTA grows from Rs 44 crore in Q3 FY21 to Rs 80 crore in Q3 FY22 PAT registers a 483% YoY growth at Rs 44 crore in Q3 FY22 Result PDF
Highlights: Total sales of the company, as of September 2021 stands at INR 1,045 cr EBITDA is INR 76.2 cr in Q2 FY22 Sangam India Ltd. (SIL), one of the foremost producers of PV dyed yarn and seamless apparel, today announced that the company has approved the issue of up to 57,00,000 (Fifty Seven Lacs) warrants convertible into Equity Shares(s) of the Company of the face value of Rs.10/- each aggregating up to 103.00 Crore to the promoters group and Smt. Madhuri Madhusudan Kela. The company also announced that its revenue has grown more than double from INR 311 cr in Q2 FY 21 to INR 635 cr in Q2 FY22 with an increase of 104% as per YoY comparison. Total sales of the company, as of September 2021 stands at INR 1,045 cr with 37% of its revenue coming from international markets. The company's EBITDA is INR 76.2 cr in Q2 FY22 which is more than 208% as compared to YoY at 24.7cr. and is also better than the previous quarter of June 21 at 51.1cr. The company has also approved the plan of 137.25 cr brownfield expansion in the cotton yarn segment & successfully completed the financial closure of 102 cr term loan with lenders. The COD of this project will be 1st April 2022. SIL's main business activities are textile & garment manufacturing. The group has expanded its product portfolio into a full value chain in textile, manufacturing of yarn, fabric, fabric processing and seamless garment, etc. The company has built 4 states of art manufacturing facilities situated in Bhilwara & Chittorgarh, Rajasthan, India. Result PDF