Press release from Business Wire India
Source: Mafatlal Industries Ltd
Thursday, August 01, 2013 05:08 PM IST (11:38 AM GMT)
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Mafatlal Industries Ltd’s Q1 Total Income at Rs. 222.43 Crore, Net Rs. 13.05 Crore
Mumbai, Maharashtra, India, Thursday, August 01, 2013 — (Business Wire India) — Mafatlal Industries Limited (MIL), the flagship company of the Arvind Mafatlal Group has shown encouraging standalone unaudited results for the quarter ended 30th June 2013. Total income has been Rs. 222.43 Crore and net profit after tax reported at Rs.13.05 Crore. Earnings per share was at Rs. 9.38. The results were approved by the Board of Directors at its meeting held on 31st July 2013.
For the year 2012-13, MIL’s total income was Rs. 840.38 crore, EBIDTA Rs. 89.99 crore, cash profit Rs. 51.60 crore & net profit Rs. 37.16 crore. The company has declared a 30% dividend plus a 20% special Centenary dividend.
The company’s Annual General Meeting was held in Ahmedabad on 31st July 2013. Mr. H.A. Mafatlal, Chairman of the company, while addressing the shareholders, inter alia stated that following the amalgamation, capacity expansion across the denim and fabric divisions will strengthen the company’s sectoral position.
The Arvind Mafatlal Group is a pioneer for quality textiles in India since 1905. MIL has composite textile mills with the latest technologies and machinery located at Gujarat. This interwoven with tradition, innovation and creative designs enables MIL to deliver world class fabrics. The company’s product portfolio consists of yarn dyed shirtings, suitings, voiles, prints, linens, bleached white fabrics, rubia, value added & fashion denims, school uniform fabrics, corporate/ institutional uniforms, Bed & bath Linen and readymade garments.
Mafatlal has an extensive 400 dealer network and 35,000 retail outlets throughout India and is a supplier to the most discerning customers & brands in the domestic and overseas markets.
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Unaudited Financial Results – June 2013
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