Sangam India Ltd., a leading vertically integrated company of Bhilwara, posts a 47 per cent Y-o-Y jump in revenue to Rs. 646 crore in Q3FY22 as compared to Rs. 438 crore in Q3FY21.
The company’s Profit After Tax (PAT) registers a 483 per cent Y-o-Y growth at Rs. 44 crore in Q3FY22 as against Rs. 7 crore in Q3FY21.
Total sales recorded for the 9-month period stand at Rs. 1,691 crore with exports contributing 36 per cent at Rs. 607 crore and 64 per cent from the domestic markets at Rs. 1,084 crore. With this, the company’s exports have recorded an impressive jump of 114 per cent on a Y-o-Y basis.
The company achieved good growth into export of yarn as well as fabric.
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA) grows from Rs. 44 crore in Q3FY21 to Rs. 80 crore in Q3FY22.
Notably, the company recently approved the plan of Rs. 137.25 crore brownfield expansion in the cotton yarn segment.
Sangam India is one of the foremost producers of PV dyed yarn and seamless apparel. It produces 30 million metres of PV fabric and 48 million metres of denim fabric annually.
