Gandhinagar (Gujarat)-based Sanrhea Technical Textiles Limited has announced its quarterly results. The net profit of the company declined by 42.37 per cent to Rs. 0.68 crore in the quarter ended December 2022 as against Rs 1.18 crore during the previous quarter ended December 2021.
The sales of the company also declined by 15.37 per cent to Rs. 15.75 crore in the quarter ended December 2022 as against Rs. 18.61 crore during the previous quarter ended December 2021.
During October-December quarter, operating expenses dropped by 13.30 per cent to Rs. 14.34 crore from Rs. 16.54 crore in a year ago period.
Other income dipped by 60 per cent at Rs. 0.04 crore from Rs. 0.10 crore noted in December ’21.
The company is known for the production of RFL Dipped fabrics for tyre, conveyor-belt and the rubber product industry. It has manufacturing facility for the production of Nylon and Polyester-based heavy industrial fabrics.
