Siyaram Silk Mills Ltd. Reports Un-Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 21, 2015 at 08:31 am EST
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Siyaram Silk Mills Ltd. Reported un-audited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations of INR 3,281.9 million compared to INR 3,075.2 million, profit from operations before other income and finance cost of INR 247.8 million compared to INR 240.4 million, profit from ordinary activities after finance cost of INR 217.7 million compared to INR 214.1 million and net profit from ordinary activities after tax of INR 130.4 million or INR 13.91 per basic and diluted share compared to INR 141.4 million or INR 15.08 per basic and diluted share for the last year.
For the nine months, the company reported net sales/income from operations of INR 10,241.1 million compared to INR 8,962.2 million, profit from operations before other income and finance cost of INR 849.1 million compared to INR 754.5 million, profit from ordinary activities after finance cost of INR 735.6 million compared to INR 663.7 million and net profit from ordinary activities after tax of INR 466.5 million or INR 49.77 per basic and diluted share compared to INR 433.8 million or INR 46.28 per basic and diluted share for the last year.
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 
