Textile manufacturer BSL Limited reported a modest increase in net profit to Rs. 2.31 crore for the first quarter ending 30th June, up from Rs. 2.27 crore in the same quarter the previous year.
For the quarter, the company’s revenue increased by 2 per cent to Rs. 164 crore, compared to Rs. 160 crore in the same quarter last year.
Nivedan Churiwal, MD of BSL Limited remarked on the results, “BSL Limited has demonstrated resilience despite global economic challenges. In the face of rising conflicts, growing labor costs, disruptions in the Red Sea impacting logistics costs, and irregular cotton prices, we are happy to report growth for Q1 FY ’25.”
He further shared, “Looking forward, we see substantial opportunities as textile use is expected to rise in the US, EU, and China over the next decade. The PLI scheme is predicted to stimulate investments in the MMF and technical textile sectors, while FTAs with the UK and EU offer significant potential for expanding textile trade.”
BSL Limited operates a vertically integrated unit that includes spinning, processing, weaving, and manufacturing capabilities. In addition to its ‘BSL’ brand, the company offers premium fabrics under the ‘Geoffrey Hammonds’ label.
