Siyaram Silk Mills Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 28, 2019 at 02:02 pm
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Siyaram Silk Mills Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported revenue from operations of INR 4,463.2 million compared to INR 3,936.0 million a year ago. Total income was INR 4,537.7 million compared to INR 4,014.1 million a year ago. Profit before Exceptional Items and Tax was INR 315.0 million compared to INR 342.0 million a year ago. Profit for the period was INR 200.8 million or INR 4.29 per basic and diluted share (not annualized) compared to INR 224.3 million or INR 4.79 per basic and diluted share (not annualized) a year ago.
For the nine months, the company reported revenue from operations of INR 12,270.8 million compared to INR 11,368.5 million a year ago. Total income was INR 12,483.8 million compared to INR 11,544.5 million a year ago. Profit before Exceptional Items and Tax was INR 911.9 million compared to INR 983 million a year ago. Profit for the period was INR 544.3 million or INR 11.61 per basic and diluted share (not annualized) compared to INR 635.1 million or INR 13.55 per basic and diluted share (not annualized) 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 
