Sangam India a leading integrated textile conglomerate has reported a 12.92 per cent rise in net profit at Rs 15.55 crores for the quarter ended December 31, 2015, compared to Rs 13.77 crores in the corresponding quarter ended December 31, 2014. Earnings before interest, depreciation and taxation (EBIDTA) increased by 4.02 per cent at Rs 55.35 crores compared to Rs 53.21 crores in the corresponding quarter ended December 31, 2015. The company’s operating margins improved by 112 basis points to 15.61 per cent in the third quarter of financial year ’16. Increased integration and a focus on exports have helped the company in maintaining realisations, despite falling prices.

Falling commodity prices impacted the company’s net sales during the quarter. The company’s total income from operation dipped marginally to Rs 354.54 crores for the quarter ended December 31, 2015, compared to Rs 367.31 crores in the corresponding quarter ended December 31, 2014.

Despite falling commodity prices, the company was able to maintain realisation in exports of denims and suitings during the quarter. Denim exports reported a sharp jump of 204 per cent year on year and suiting fabrics exports rose by 25.7 per cent year on year.

www.sangamgroup.com/