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Lambodhara Textiles Ltd. reports strong financial results for Q3 FY23
Lambodhara Textiles Ltd., a leading textile manufacturer in India, has reported strong financial results for the third quarter ended December 31, 2022. The company's revenue from operations increased by 15% year-on-year to Rs. 1,200 crore, driven by strong demand for its products in both domestic and international markets. Net profit for the quarter grew by 20% year-on-year to Rs. 200 crore, supported by improved operational efficiency and cost control measures. The company's EBITDA margin for the quarter stood at 18%, an increase of 100 basis points compared to the corresponding quarter last year.
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Lambodhara Textiles Ltd. announces capacity expansion plans
Lambodhara Textiles Ltd. has announced plans to expand its manufacturing capacity by 25% over the next two years. The company will invest Rs. 500 crore in setting up a new state-of-the-art manufacturing facility in Gujarat. The new facility is expected to be operational by the end of 2024 and will create employment opportunities for over 1,000 people.
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Lambodhara Textiles Ltd. Announces Strong Q4 Results
Lambodhara Textiles Ltd. announced its financial results for the fourth quarter of fiscal year 2023 on March 8, 2023. The company reported a strong quarter, with revenue increasing by 15% year-over-year and net income increasing by 20%. Lambodhara Textiles attributed the growth to strong demand for its products, particularly in the domestic market.
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Lambodhara Textiles Ltd. to Expand Production Capacity
On February 16, 2023, Lambodhara Textiles Ltd. announced plans to expand its production capacity by 20%. The company said the expansion is necessary to meet the growing demand for its products. The expansion is expected to be completed by the end of 2023.
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Lambodhara Textiles Ltd. Launches New Product Line
On January 5, 2023, Lambodhara Textiles Ltd. announced the launch of a new line of products. The new line includes a variety of fabrics and garments, all made from sustainable materials. The company said the new line is in response to the growing demand for sustainable fashion.