Top producer of PV dyed yarn and seamless apparel, Sangam India (SIL), reported 51 per cent Y-o-Y growth in revenues to Rs 746 crore in Q4FY’22 ending March 31, 2022. As per an Equity Bulls report, net profit for the quarter rose 45 per cent Y-o-Y; sales increased to Rs 2,438 crore for the full year. The company has also been rated ‘A’ with Stable outlook for the current year by India Rating for long term debt and Al for short term lending based on FY21 February 3, 2021. EBITDA grew 36 per cent Y-o-Y during the Q4 to Rs 108 crore from Rs 78.9crore from the corresponding quarter previous year.

Established in 1984, Sangam India is one of the foremost producers of PV dyed yarn, cotton and OE yarn and ready to stitch fabrics. The NSE & BSE listed company produces 35 million meters of PV fabric and 48 million meters of denim fabric annually. This magnitude of production is possible with a highly organized production base equipped with more than 236,000 spindles and 2300 rotors. The Group has also introduced a seamless garment manufacturing facility with 52 seamless knitting machines that have the capacity to produce 5.4 million pieces per annum.