For the first quarter Century Textiles and Industries has gained massive profits compared to the same period last year. Net profit stood at Rs 36.83 crores compared to a net loss of Rs 2.3 crores in the corresponding quarter last year. Total income from operations rose four per cent to Rs 2,353.5 crores on a year-on-year basis.

EBITDA – earnings before interest, tax, depreciation and amortisation – grew 4.8 per cent to Rs 204.83 crores compared to Rs 195.37 crores as compared to the same period last year while EBITDA margins expanded 11 basis points to 9.67 per cent in the same period.

Mumbai-based Century Textiles and Industries is active in textiles, viscose filament yarns, cement, and pulp and paper. In the textile business, Century has two revenue streams: cotton fabric and denim units that can be integrated with ABFRL’s businesses. The company has a vertically integrated plant at Bharuch for manufacturing cotton fabrics. Century earned about Rs 1,817 crores, or 8.6 per cent of total revenues, from its fabrics and denim business.

The cotton division of Century is one of the oldest in India and manufactures a wide range of premium textiles and supplies to many international players, including Royale Linen, Ralph Lauren, DKNY, Belk and US Polo.