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Sangam revenues up 8 per cent

For the second quarter Sangam India’s total revenue increased by 8.15 per cent. Sangam India is a leading integrated textile conglomerate in India. Though commodity prices have continued to soften globally over the last couple of months the company has managed to contain its impact on revenues.

Earnings before interest, depreciation and taxation increased by 14.97 per cent. Net profit surged by 56 per cent. Increased integration and a focus on exports helped the company in maintaining realisations, despite falling input prices.

Overall exports saw a sharp jump of 46 per cent year on year and 49 per cent quarter on quarter. Growth was witnessed in all three categories with yarn exports registered a growth of 18 per cent year on year (72 per cent quarter on quarter), denim exports reporting a growth of 1250 per cent year on year (40 per cent quarter on quarter) and PV fabric exports reporting a growth of 15 per cent year on year (29 per cent quarter on quarter).

Sangam’s strategy is to increase the exports of value added products in lieu of lower margin yarn exports. Going forward its focus will be on increased integration and higher exports, enabling further margin improvement.

www.sangamgroup.com/

 
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