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Monday, 07 November 2022 13:54

India: Sutlej Textiles Q2 income marginally up, profits significantly down

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For the second quarter Sutlej Textiles’ total income rose by four per cent. Profit after tax fell by 23 per cent. Though the quarterly performance has been under some pressure, the company has been quite resilient and has operated at optimum capacity due to its diversified portfolio, multi-market operations, and strong relationships with customers and remains cognisant of the overall market dynamics going forward.

Sutlej Textiles and Industries Limited is part of KK Birla and a leading manufacturer and exporter of value-added dyed yarns (synthetic and cotton mélange) with a presence in home textiles. The total spinning capacity of the company presently stands at 421,008 spindles and it has a strong global clientele and exports to more than 65 countries.

Over the years, Sutlej has evolved its product mix. It specialises in synthetic, natural and blended yarns, all types of spun yarns and home textile furnishing.The company also processes fabrics. It is one of the largest manufacturers of value-added mélange yarns in India, making single-ply, double-ply and multi-ply grindle, roving grindle core spun, slub and other fancy yarns. It is also a one-stop shop for all kinds of spun-dyed yarn manufactured from natural or manmade fibers across any blend and any shade in the count range of 6s to 50s.