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Sutlej Textiles net profit down 16 per cent

Net profit of Sutlej Textiles and Industries declined 16.68 per cent in the quarter ended June 2015 as against the previous quarter ended June 2014. Sales declined 2.96 per cent in the quarter ended June 2015 as against the previous quarter ended June 2014.

Sutlej, incorporated in 2005, is engaged in manufacturing synthetic staple fiber yarn, man-made fiber blended yarn and cotton yarn and fabrics. The company operates in two segments: Yarn, which includes cotton and man-made fiber yarn, and fabrics and apparels, which includes woven of worsted or synthetic staple yarn, fabric processing and home furnishings. Sutlej has two spinning units, one weaving and processing unit and one home textiles unit.

The company was created out of a corporate restructuring exercise in which the textiles division of Sutlej Industries and Daman Ganga Processors were demerged. It is one of the flagship units of the multi-product conglomerate KK Birla Group, which has a dominant presence in fertiliser, engineering, textiles, sugar, tea etc.

Sutlej Textiles excels in all stages of textile production. Its versatile production facilities are vertically integrated, from spinning and weaving to dyeing and finishing, to making apparel. It has an international presence in a number of countries, including Russia, Spain, Singapore, Sri Lanka, and many more.

 
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