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Pearl Global witnesses strong profit growth in Q4

Driven by higher capacity utilisation, improved operating leverage and increased operating efficiency and productivity, Gurgaon-based apparel manufacturer and exporter Pearl Global Industries (PGIL) total income from operations during Q4FY15 grew 36.2 per cent to Rs 3,440 million. EBITDA grew 53.5 per cent to Rs 202 million with an EBITDA margin of 6.1 percent.

Profit after tax (PAT) in Q4 grew 57.5 per cent to Rs 111 million with a PAT margin of 3.3 per cent. The total income from operations during FY15 was Rs 10,237 million and EBITDA was Rs 496 million with an EBITDA margin of 4.8 percent. FY15 PAT stood at Rs 251 million with a PAT margin of 2.4 percent.

The company’s new facilities in the south are expected to significantly increase its production capacity by about 7 per cent to 5.35 million pieces per month, through the addition of 1,250 machines to reach a total of 9,750 machines.

www.pearlglobal.com

 
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