Indian textile major Surat Textile Mills has reported sales total income from operations of Rs. 31.50 crore and a net profit of Rs. 2.18 crore for the quarter ended in December 2015. In the period under review, total income from operations was Rs. 26.50 crore and net loss was Rs. 0.73 crore.
Besides, a meeting of the Board of Directors of Surat Textile Mills Ltd. took place yesterday, to consider and approve the unaudited financial results of the company for the third quarter/nine months ended December 31, 2015. Further, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 read with Code of Conduct of the Company, the Trading Window shall remain closed till 48 hours after the announcement of the unaudited financial results to the public for declaration of Unaudited Financial Results for the Quarter and Nine months ended December 31, 2015.
In September 2015, the company had reported a standalone total income from operations of Rs. 18.32 crore.
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Surat Textile Mills is engaged in the manufacturing and selling of polyester filament yarn, polyester chips and spun yarn. The company has its manufacturing facilities; two in Surat and one in Silvassa (DHN). Powered with 14,288 ring spindles, Surat Textile Mills manufactures a very high quality ring spun yarn for the domestic market in all the product range viz. 100% Polyester, 100% Viscose, 100% Modal, Polyester Viscose Blend, Polyester Modal Blend, in count range of Ne 30s to Ne 100s.
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