Century Textiles logs in Rs 54 crore net income on Rs 998 crore revenue, Retail News, ET Retail

Mumbai: Inspite of the second wave impacting business things to do, Century Textiles & Industries on Thursday claimed a internet money of Rs fifty four crore and a revenue of Rs 998 crore on a standalone foundation in the quarter ended September. It experienced posted a internet money of Rs […]

Mumbai: Inspite of the second wave impacting business things to do, Century Textiles & Industries on Thursday claimed a internet money of Rs fifty four crore and a revenue of Rs 998 crore on a standalone foundation in the quarter ended September. It experienced posted a internet money of Rs 5 crore and and a revenue of Rs 600 crore in the yr-back period, which was ravaged by the to start with wave of the pandemic.

The Birla group enterprise attributed the powerful general performance to larger working efficiency and turnaround in sector sentiments.

Inspite of disruptions brought on by the pandemic, its Running Director J C Laddha explained they could produce resilient general performance as the production businesses posted superb results due to healthier business atmosphere, robust productivity and financial prudence.

The pulp and paper vertical noticed the best-at any time quarter in phrases of output and revenue mainly supported by larger volume from value-additional goods and new goods.

The textile business revived strongly on the back of robust domestic demand from customers, even though the genuine estate has powerful response to the phase-II start of the Kalyan task.

The pulp and paper business noticed the highest throughput with the business achieving at a hundred and one for each cent ability utilisation, even though revenue grew 64 for each cent as there was a marked improvement in demand from customers for the composing and printing paper segment.

The realty business noticed robust collections at all tasks on the back of powerful shopper connect and outreach.

In the course of the quarter, it introduced the second phase of the Birla Vanya in Kalyan which has gained powerful response.

The firm’s two professional assets, Birla Aurora and Birla Centurion, continue on to make secure rentals, he explained.

The textile business bounced back with the crops working at ninety one for each cent ability in comparison with 68 for each cent very last yr, and revenue grew 109 for each cent around very last yr.

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