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25 January, Mumbai: 2022
Sangam India Ltd Bhilwara's biggest vertically integrated corporation, increased sales by 47% year on year to Rs. 646 crore in Q3FY22, compared to Rs. 438 crore in Q3FY21.
The company's Profit After Tax (PAT) increased by 483 percent year over year in Q3FY22, to Rs. 44 crore from Rs. 7 crores in Q3FY21.
Total sales for the nine-month period were Rs. 1,691 crore, with exports accounting for 36% (Rs. 607 crore) and domestic markets accounting for 64% (Rs. 1,084 crore). With this, the company's exports have increased by 114% year over year.
The firm has seen significant development in both yarn and fabric exports. Earnings Before Interest, Taxes, Depreciation and Amortization (EBIDTA) for the firm has increased from Rs. 44 crore in Q3FY21 to Rs. 80 crore in Q3FY22.
Notably, the business recently authorized a brownfield growth plan in the cotton yarn market of Rs. 137.25 crore.
Sangam India is a leading manufacturer of PV coloured yarn and seamless clothing. Every year, it manufactures 30 million meters of PV fabric and 48 million meters of denim fabric.
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