One of the leading textile companies, Bilwara-based BSL Limited, has achieved robust Q4 and FY ’23 results. As for FY ’23, the total revenue of the company was Rs. 471.7 crore, up by 8.2 per cent on a Y-o-Y basis. EBITDA stands at Rs. 53.4 crore, up by 33.8 per cent on a Y-o-Y basis. For FY ’23 the profit after tax (PAT) was Rs. 16.9 crore against the 11.5 crore during FY ’22.
The PAT for the fourth quarter of fiscal ended on 31st March is Rs.16.9 crore, up by 47.3 per cent on a Y-o-Y basis
Nivedan Churiwal, MD of the company commented on results, “In FY ’23, we faced significant challenges such as historically high input costs and a slowdown in key global markets. During the year, we were able to mitigate the impact of increased cotton prices and ocean freights, thereby improving our bottom line. Our cost rationalisation efforts and diversified product portfolio were also crucial in achieving these results.”
He further added that although the global economy is still experiencing a slowdown, and customer sentiment remains subdued, we remain committed to our long-term strategy of achieving profitable growth. Our focus on innovation, high-quality products, and exceptional service enables us to stand out in the marketplace.
