The Q2, FY25 net profit of leading textile player, Mafatlal Industries declined to Rs 20 crore ($2.4 million) as against Rs 21 crore profit registered in the corresponding quarter last year.
The company’s revenue for the quarter rose by 223 per cent to Rs 996 crore, as against Rs 309 crore in the corresponding quarter of the previous fiscal year.
With an order book of around Rs 1,200 crore, Mafatlal Industries currently supplies products to various clients in the textile and consumer durable segment from the governments of Maharashtra, Jharkhand and Tripura.
MB Raghunath, CEO, says, the company recorded a topline of Rs 996 crore during this quarter and Rs 1,447 crore in the first half of the year. It continues to explore opportunities within its supply chain network to broaden its horizons. In line with this strategy, it successfully executed large orders in the consumer durable goods space during the quarter.
A flagship company of the Arvind Mafatlal Group, Mafatlal Industries offers a wide range of products that include suitings, shirts, fabrics, voiles, uniforms, etc.
