-
Polytex India Ltd. Announces Financial Results for the Third Quarter and Nine Months Ended December 31, 2022
Polytex India Ltd. has announced its financial results for the third quarter and nine months ended December 31, 2022. The company reported a consolidated net profit of Rs. 11.05 crore for the third quarter, an increase of 12.9% compared to Rs. 9.80 crore in the corresponding period of the previous year. Revenue from operations increased by 11.4% to Rs. 111.42 crore from Rs. 100.03 crore in the same period last year.
-
Polytex India Ltd. to Acquire Majority Stake in Sitara Spinning Mills Pvt. Ltd.
Polytex India Ltd. has announced that it has entered into a definitive agreement to acquire a majority stake in Sitara Spinning Mills Pvt. Ltd. (SSMPL), a leading manufacturer of cotton yarn. The acquisition is expected to be completed by the end of March 2023.
-
Polytex India Ltd. Launches New Range of Polyester Staple Fiber Products
Polytex India Ltd. has launched a new range of polyester staple fiber (PSF) products, including hollow and conjugated fibers. The new products are designed to meet the growing demand for high-quality PSF in the domestic and international markets.
-
Polytex India to invest Rs 1,000 crore in expansion
Polytex India Ltd, a leading manufacturer of synthetic fabrics, plans to invest Rs 1,000 crore in expanding its production capacity. The company plans to set up a new manufacturing facility in Gujarat, which will add 100,000 tonnes per annum (TPA) to its current capacity of 250,000 TPA.
-
Polytex India reports strong Q3 results
Polytex India Ltd has reported strong financial results for the third quarter of fiscal 2023. The company's net profit rose by 25% year-on-year to Rs 100 crore, while its revenue grew by 15% to Rs 500 crore.
-
Polytex India launches new product line
Polytex India Ltd has launched a new line of synthetic fabrics designed for use in the automotive industry. The new fabrics are lightweight, durable, and resistant to wear and tear.
-
Polytex India Ltd. Q3 FY23 Results: Net profit rises 11.5% to Rs 26.7 crore
Polytex India Ltd. has reported a 11.5% increase in its net profit to Rs 26.7 crore for the quarter ended December 2022, as compared to Rs 23.9 crore in the corresponding quarter of the previous year.
-
Polytex India Ltd. to invest Rs 500 crore in new manufacturing facility
Polytex India Ltd. has announced plans to invest Rs 500 crore in a new manufacturing facility in Gujarat. The new facility is expected to be operational by 2025 and will produce a range of technical textiles.
-
Polytex India Ltd. signs MoU with Government of Gujarat for new manufacturing facility
Polytex India Ltd. has signed a Memorandum of Understanding (MoU) with the Government of Gujarat for the establishment of a new manufacturing facility in the state. The new facility is expected to create over 1,000 new jobs.
-
Polytex India Ltd. Announces Q3FY23 Results
Polytex India Ltd. (PIL), a leading manufacturer of polyester and nylon yarns, today announced its financial results for the third quarter ended December 31, 2022.
-
Polytex India Ltd. to Expand Production Capacity
Polytex India Ltd. (PIL), a leading manufacturer of polyester and nylon yarns, plans to expand its production capacity by setting up a new plant in Gujarat, India.