Mohali (Punjab)-based Active Clothing Co. Ltd., has achieved good growth in the first nine months of the current fiscal. The company working with many Indian and international brands is known for products like sweaters and knitted garments.
The company’s total income for the 9 months ending on 31st December 2022 was Rs. 156.95 crore compared to Rs. 89.11 crore in the same period of the last year. It grew by 76 per cent.
EBIDTA (Earnings before Interest Depreciation Tax and Amortization) of the company was Rs. 114.38 crore for 9 months of the current fiscal compared to Rs. 73.28 crore in the same period of last fiscal. Profit before Tax (PBT) also saw a massive growth jump of 379 per cent as it was Rs. 25.28 crore in 9M, FY ’23 compared to Rs. 5.27 crore in 9M, FY ’22.
“Our strong commitment to quality and customer satisfaction has made it be one of the most admired garment companies which follows and supports sustainable, environmental-friendly process; practices high level of integrity and fairness in dealing, remains focused on developing specialty and technical products for safety and functionalwear,” says Rajesh Mehra, MD of the company.
It is worth mentioning here that the 25-year-old company is going for massive expansion programme. The project, which is expected to have around 168 flat knitting machines, will, in all likelihood, become fully operational by April 2023.
Also Read: Active Clothing (India) going for massive expansion; to install 168 Shima Seiki machines
