Suryalakshmi Cotton Mills reported a net loss of Rs 4.53 crores in the quarter ended March 2015 as against a net profit of Rs 0.83 crores during the previous quarter ended March 2014. Sales declined 24.57 per cent to Rs 165.12 crores in the quarter ended March 2015 as against Rs 218.91 crores during the previous quarter ended March 2014.

For the full year, net profit rose 3.93 per cent to Rs 12.17 crores in the year ended March 2015 as against Rs 11.71 crores during the previous year ended March 2014. Sales rose 0.45 per cent to Rs 705.01 crores in the year ended March 2015 as against Rs 701.86 crores during the previous year ended March 2014.

The company launched in 1962 has a state of the art denim manufacturing plant with a capacity of 40 million meters a year. Suryalakshmi is known for its yarn and rope dyed denim. It has both open end spinning as well as ring spinning systems in house. The company makes cotton, polyester and blended yarn. Its subsidiary is into the manufacture and export of denim garments. Suryalakshmi has plants in Andhra Pradesh and Maharashtra.

www.suryalakshmi.com/