Textiles company Sutlej Textiles & Industries announced Q2FY25 results Total Income: Rs 680 crore compared to Rs 659 crore during Q1FY25, change 3%. EBITDA: Rs 16 crore compared to Rs 26 crore during Q1FY25, change -39%. EBITDA margin: 2.4% for Q2FY25. PBT: Rs 1 crore compared to Rs 11 crore during Q1FY25, change -93%. PAT: Rs -18 crore compared to Rs -15 crore during Q1FY25, change -18%. PAT margin: -3% for Q2FY25. C. S. Nopany, Executive Chairman, Sutlej Textiles and Industries, said: “The current outlook for the global economy is marked by several conflicts that have the potential to disrupt global trade and have also had a dampening impact on local economies of traditional textile markets. The revival of demand in the EU, UK and US has been slower than anticipated and the domestic market continues to be cautious with subdued demand despite a good monsoon, improved rural incomes and the festive season. At Sutlej, our strategic investments in a fungible capacity have helped us weather some of the headwinds in the sector. We remain cautiously optimistic that the sector will see a revival in the forthcoming year and we believe we are well placed to mirror a revival in the sector.” Result PDF
Sutlej Textiles & Industries announced Q2FY23 results: H1FY23: Total Income at Rs 1,679 crore, up 21% EBITDA at Rs 232 crore, up 27% EBITDA margin at 13.80% PAT at Rs. 77 crore, up 24% Commenting on the results, Mr. C. S. Nopany, Executive Chairman, Sutlej Textiles and Industries Limited said: “The global economic turmoil coupled with inflationary pressures has resulted in a challenging operating environment for most sectors, including the textiles. We are now witnessing key commodity prices decline from their extraordinary highs, resulting in a slowing down of demand in almost all geographies. As prices continue on a downward trajectory finding a new equilibrium, demand and offtake remained subdued in Q2. At Sutlej, while the quarterly performance has been under some pressure, we have been quite resilient and have operated at optimum capacity due to our diversified portfolio, multi-market operations, and strong relationships with our customers and we remain cognizant of the overall market dynamics going forward.” Result PDF
Sutlej Textiles & Industries announced Q1FY23 Result : Total Income at Rs 853 Crs, up 44% EBITDA at Rs 138 Crs, up 81% EBITDA margin at 16.14% PAT at Rs. 45 Crs, up 123% Commenting on the results, Mr. C. S. Nopany, Executive Chairman, Sutlej Textiles and Industries Limited said: “The key challenge faced by the Textile Industry has been the rising raw material prices and consequently prices of all textile products. While this is likely to create pressure on demand for the short term, we see the situation easing out with the arrival of the new cotton crop on the back of a favorable monsoon. The approaching festive season and other positives like the China Plus Factor, Government initiatives to boost the industry, we expect the overall opportunity to remain intact. At Sutlej, despite the current dynamics, we reported a good quarter, although we are mindful of the challenging business environment and shall continue to consistently deliver on the back of our resilient business operations.” Result PDF
Sutlej Textiles and Industries declares Q3FY22 result: Total Income at Rs. 2,211 Crs EBITDA at Rs. 282 Crs EBITDA margin at 12.74% PAT at Rs. 99 Crs Commenting on the results, Mr. C. S. Nopany, Executive Chairman, Sutlej Textiles and Industries Limited said: “The Textile Industry continued to witness strong demand and volume growth on back of ebbing fear of Covid-19 and the GOI’s successful mass vaccination campaign. While there was some uncertainty about the impact of the third wave of Covid-19 during the quarter, the Indian Textile industry is experiencing a high surge in demand with structural changes in the supply chain triggered by ‘China-Plus-One’ strategy and tail wind with various Government initiatives for the industry. Cotton prices rose sharply and continued to stay high, part of which was offset by improved yarn price realization and higher efficiencies. We are fully geared up to meet growing domestic as well as exports demand going forward with our well diversified product portfolio.” Result PDF
Highlights: Total Income at Rs .1388 Crs EBITDA at Rs 183 Crs EBITDA margin at 13.15% PAT at Rs. 62 Crs Commenting on the results, Mr. C. S. Nopany, Executive Chairman, Sutlej Textiles and Industries Limited said: “The changing market dynamics on account of slew of positive macro-economic factors have benefited the Indian textile industry. The yarn segment continued to witness buoyant demand during the quarter partly on account of pent up demand, opening of formal sectors, festival season backed by strong realizations and volume growth. With more than 1 billion vaccinations by Government across India, the risk of Covid19 impact should moderate. At Sutlej, we had a strong quarter and we will be able to deliver consistent performance based on our well diversified product portfolio, geographical reach and continual improvement.” Result PDF