Sutlej Textiles and Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 30, 2023
February 08, 2024 at 02:48 am EST
Share
Sutlej Textiles and Industries Limited reported earnings results for the third quarter and nine months ended December 30, 2023. For the third quarter, the company reported sales was INR 6,074.7 million compared to INR 6,646.1 million a year ago. Revenue was INR 6,119.1 million compared to INR 6,699 million a year ago. Net loss was INR 300.8 million compared to INR 155.6 million a year ago. Basic loss per share from continuing operations was INR 1.84 compared to INR 0.95 a year ago. Diluted loss per share from continuing operations was INR 1.84 compared to INR 0.95 a year ago.
For the nine months, sales was INR 20,468.5 million compared to INR 23,301.7 million a year ago. Revenue was INR 20,620.9 million compared to INR 23,486.1 million a year ago. Net loss was INR 1,100.1 million compared to net income of INR 611.3 million a year ago. Basic loss per share from continuing operations was INR 6.71 compared to basic earnings per share from continuing operations of INR 3.73 a year ago. Diluted loss per share from continuing operations was INR 6.71 compared to diluted earnings per share from continuing operations of INR 3.73 a year ago.
Sutlej Textiles and Industries Limited is a textile manufacturing company. The Company operates through two segments: Yarn and Home textiles. Its Yarn segment comprises recycled polyester staple fiber, cotton and man-made fiber yarn. Its Home textiles segment comprises home furnishing and fabric processing. The Company offers a range of products through the yarn category, which includes polyester, acrylic, cotton melange, injection slub yarn, neppy yarn, roving grindle yarn, siro spun, siro compact, lycra twisted, core spun and double core yarns, in single-ply, double-ply and multi-fold. The Company offers a range of products through the home textiles category, which includes upholstery fabrics, drapery fabrics and made-ups. It also manufactures recycled polyester fiber from polyethylene terephthalate (PET) bottles. It offers made-ups, including cushions, throws, curtains and bed scarves in customized designs and sizes as per the specifications of its clients.
SUTLEJ TEXTILES AND INDUSTRIES LIMITED 
