RSWM recorded a net loss of Rs. 9.23 crore (US $ 1.11 million) for the quarter that ended in December 2024, compared to a net loss of Rs. 34.07 crore (US $ 4.09 million) for the quarter that ended in December 2023. In the quarter that ended in December 2024, sales increased 22.34 per cent to Rs 1195.62 crore (US $ 143.47 million) from Rs 977.32 crore (US $ 117.28 million) in the quarter that ended in December 2023.
The company’s yarn segment had a revenue of Rs. 970.95 crore (US $ 116.51 million), a YoY increase from Rs. 844.12 crore (US $ 101.29 million) from the previous year’s quarter. The fabric segment also saw an increase in revenue, reaching Rs. 299.68 crore (US $ 35.96 million) from the previous year’s Rs. 225.54 crore (US $ 27.06 million).
RSWM Limited, a flagship company of the LNJ Bhilwara Group, is one of India’s leading textile manufacturers and exporters. With over 60 years of innovation and sustainability in its operations, RSWM produces a wide range of high-quality yarns, fabrics and denim, exporting to over 70 countries.
In the outcome of the Board meeting, Rajeev Gupta, Chief Executive Officer (Non Key Managerial Personnel) has been co-opted on the Board of Directors of the Company as an Additional Director and designated as Joint Managing Director upon commendation of Nomination and Remuneration Committee for a period of three years with effect from 12th February 2025, subject to the approval of the Members of the Company. He will also be acting as Key Managerial Personnel.
