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Performance of India's leading spinning companies in FY24

16 Jun '24
3 min read
Performance of India's leading spinning companies in FY24
Performance of India's leading spinning companies in FY24

Insights

  • In FY24, India's leading spinning companies showed mixed results.
  • Filatex India saw a slight revenue decline but improved net profit and EPS.
  • Nitin Spinners experienced revenue growth but a drop in net profit and EPS.
  • Trident's revenue rose, but net profit and EPS fell.
  • Vardhman Textiles had significant revenue and net profit growth, though its EPS declined.

Filatex India Ltd

Filatex India Ltd reported a slight decline in revenue, which dropped from &#****;**.*** billion in FY** to &#****;**.*** billion (approximately $***.** million) in FY**. Despite this, the company achieved a notable increase in net profit, rising from &#****;*** million in the previous fiscal year to &#****;*.*** billion. The earnings per share (EPS) also saw an improvement, climbing from &#****;*.** to &#****;*.**. Filatex India&#**;s operational efficiency showed a positive trend with the operating profit margin (OPM) increasing to *.** per cent from *.** per cent, and the net profit margin (NPM) rising to *.** per cent from *.** per cent.

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