Filatex India Ltd.

NSE: FILATEX | BSE: 526227 | ISIN: INE816B01027 | Industry: Textiles
| Strong Performer, Under Radar

Rapid Results Alerts
Filatex India Ltd.    
28 Jul 2022

Textiles firm Filatex India Announced Q1FY23 Result :

  • Revenue of INR 1023.30 Cr against INR 698.91 Cr
  • EBITDA stands at INR 74.31 Cr against INR 101.17 Cr
  • Profit Before Tax stands at INR 58.50 Cr against INR 76.12 Cr
  • Net Profit stands at INR 43.40 Cr against INR 52.14 Cr
  • Sales Quantity stands at 83,066 MT against 67,704 MT

Commenting on the performance Mr. Madhu Sudhan Bhageria, Chairman & Managing Director, stated, “This quarter was defined by the extreme volatility in crude prices & exchange rates and the slowdown in global economies because of the Russia – Ukraine War. Market sentiments were adversely affected by the increase in inflation rates in the country as well as the instability in yarn prices.

Due to this general slowdown of markets, we achieved a revenue of Rs.1023.30 crores, an EBIDTA of Rs. 74.31 crores, a PBT of Rs. 58.50 crores and a PAT of Rs. 43.40 crores. Commissioning activities for the POY expansion project at our Dahej unit have started in July. We are likely to achieve commercial operations by August 2022.”

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