Revenue from operations rose 6.93% year on year (YoY) to Rs 1,682.26 crore in the quarter ended 31 March 2024.
Profit before tax stood at Rs 78.15 crore in March 2024 quarter, down by 54.8% from Rs 172.88 crore in same quarter last year.
Total expenses rose 15.27% YoY in the quarter ended March 2024. Cost of raw materials consumed came in at Rs 856.45 crore (up 8.52% YoY), employee benefit expenses stood at Rs 238.92 crore (up 43.65% YoY) and finance costs stood at Rs 49.08 crore (up 119.3% YoY) during the quarter.
The firm’s revenue from yarn business stood at Rs 901.99 crore (up 23.83% YoY) and revenue from towel business was at Rs 575.38 crore (up 1.21%).
On the other hand, revenue from bedsheets segment was at Rs 302.88 crore (down 2.52% YoY) and revenue from paper and...
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