Siyaram Silk Mills Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 28, 2023 at 03:17 am EST
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Siyaram Silk Mills Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 5,021.8 million compared to INR 5,631.9 million a year ago. Revenue was INR 5,153.4 million compared to INR 5,718.4 million a year ago. Net income was INR 518.7 million compared to INR 686.5 million a year ago. Basic earnings per share from continuing operations was INR 11.07 compared to INR 14.64 a year ago.
For the nine months, sales was INR 15,370.8 million compared to INR 12,767 million a year ago. Revenue was INR 15,670 million compared to INR 12,994.4 million a year ago. Net income was INR 1,628.5 million compared to INR 1,340.6 million a year ago. Basic earnings per share from continuing operations was INR 34.75 compared to INR 28.6 a year ago.
Siyaram Silk Mills Limited is an India-based textile company. The Company is engaged in manufacturing, branding and marketing of fabrics, readymade garments and indigo dyed yarn. Its businesses include fabrics, apparel, exports, home furnishing, institutional, yarns, and retail. It offers a range of fabrics, including polyester viscose, polyester viscose blend, polyester viscose lycra, polyester cotton, wool linen, polyester viscose linen, polyester wool, wool lycra and others. It offers indigo products, which include 100% cotton indigo dyed yarn, cotton-poly blended indigo dyed yarn, cotton/lycra indigo dyed yarn, cotton slub yarn indigo dyed yarn, fancy indigo dyed yarn and viscose/excel/tencel indigo dyed yarn. The institutional division of it caters to diverse markets, offering a varied range of garments, including formal wear, casual attire, uniform for office and home furnishing fabrics. Its brands include Miniature, Oxemberg, Royale Linen, Unicode, Cadini and others.
SIYARAM SILK MILLS LIMITED 
