Bhilwara based Sangam (India) Ltd. producing PV and denim fabrics, has shown robust growth in the third quarter ended December 31, 2012 with total sales of Rs. 327.96 crore as compared to Rs. 307.92 crore in the corresponding previous quarter. EBIDTA for the quarter stood at Rs. 51.30 crore as against Rs. 31.10 crore in the corresponding period last year. Higher realizations in textile business with expiry of toll business in infra-segment led to higher EBITDA during the quarter. Operating margins improved from 10.03% to 15.57% on back change in product mix to value added fabrics in PV and fabrics. The October-December 2012 quarter witnessed a higher demand for yarn and fabrics with stable raw material prices.
