- The company records an overall revenue of INR 717 crores in Q1 FY23
Bhilwara, 02 August 2022: Sangam India Ltd. (SIL), one of the leading textile conglomerates with a diverse portfolio, today announced that its revenues recorded a stellar increase of 74% Y-o-Y for the quarter ending 30th June 2022. SIL recorded a revenue of INR 717 crores, whereas the revenue for the same quarter in the previous year was INR 412 crores. The company’s EBIDTA stood at 98 crores for Q1 FY23 jumped by an impressive 100% as compared to INR 49 crores for Q1 FY22. Domestic sales contributed INR 495 crores and the company’s exports contributed INR 218 crores to the overall revenue, versus INR 177 crores for Q1 FY22.
About Sangam India Limited:
Established in 1984 by Mr Rampal Soni, Sangam India Limited personifies India’s growth story, by becoming one of the fastest growing and most trusted brands in the textile sector, both in the local and global market. With an annual turnover of over INR 2,400 crores, Sangam is a leading textile conglomerate with a workforce of over 12,000 employees. The company today has 5 highly-organized production bases equipped with the latest technology and skilled workforce, spread across the Bhilwara district, making it the largest producer of PV-dyed yarn at a single location. Over the years, the company has expanded its global presence by exporting to 58 countries, becoming one of the largest exporters of India’s textile ecosystem.
Apart from being a corporate powerhouse, Sangam group is equally focussed on the ESG aspect by being involved in environmental conservation, social welfare activities and organizational governance. From using solar power plants as a source of renewable energy, establishing schools and a hospital for the betterment of the community to implementing policies and incentives for the employees, the group is committed to taking these steps today for a better future tomorrow and adding value to the lives of people.
