Century Textile and Industries’ profit for Q1 2019 rose 11% to Rs. 108 crore

by Apparel Resources News-Desk

14-August-2019  |  1 min read

CTIL profits rise
Image Courtesy: tradezero.co

Double-digit profit for Century Textile and Industries Limited (CTIL)!

The Mumbai-based leading conglomerate that deals with textile, cement, paper manufacturing and export has witnessed an impressive quarter that ended 30 June.

The Aditya Birla Group-led firm registered a 11.06 per cent growth in consolidated net profit amounting to Rs.180.62 crore for the said quarter.

Notably, CTIL had recorded a net profit of Rs.162.62 crore in the corresponding quarter last fiscal.

And it has significant dominance in international market too, with the company exporting its products to over 45 countries across the globe.

CTIL’s total income during this quarter was Rs. 881.08 crore, 10.37 per cent lower as against Rs. 983.07 crore in the corresponding quarter of last year, as per the company’s BSE filing.

Total expenses stood at Rs. 769.98 crore in the first quarter of the current fiscal, down 3.62 per cent as compared with Rs. 798.96 crore reported in the same period a year ago.

CTIL chiefly manufactures cotton textiles, yarn, denim and viscose filament rayon yarn.

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