Sutlej Text
Sutlej Textiles posted an excellent set of numbers for Q4FY16. YoY, total revenue was at Rs. 558 crore, up 17%. EBITDA came in at Rs. 77 crore, up 13% and it ended the quarter with a net profit at Rs.49 crore, up 78%.
In April 2015, the company had acquired Birla Textile Mills (BTM) and post this, the total spinning capacity of Sutlej stands increased at 77,688 spindles as on 31st March, 2016. The company is adding 35,280 spindles at its Bhawani Mandi, Rajasthan facility at a project cost of Rs. 270 crore, to be funded via internal accruals and debt. The company is also expanding its home textiles division – increasing capacity to 9.6 million metres p.a at a cost of Rs. 88.5 crore.
The company ended FY16 with a 22% rise in net sales at Rs.2227 crore and net profit was at Rs.143 crore, up 24%. Its borrowings as at 31st March 2016 stands at Rs.673 crore and interest outgo for FY16 was at Rs.46 crore. Equity is at Rs.16.38 crore and reserves stand at Rs.660 crore. It ended the year with an EPS of Rs.87.55.