Total sales recorded for the 9 months period ended stands at INR 1691 cr
● Exports record a 114% YoY growth at INR 607 cr
● EBIDTA grows from INR 44 cr in Q3 FY21 to INR 80 cr in Q3 FY22
● PAT registers a 483% YoY growth at INR 44 cr in Q3 FY22 Mumbai, 24th
January 2022: Sangam India Ltd. (SIL), one of the foremost producers of PV dyed yarn and seamless apparel, today announced a stellar rise of 483% in its PAT to INR 44 crores in the quarter ended December 2021 as against INR 7 crores in Q3 FY21. The Company also recorded a 47% YoY jump in revenues at INR 646 crores as compared to INR
438 crores in Q3 FY21. Total sales recorded for the 9 months period ended stands at INR 1691 crores with Exports
contributing 36% at INR 607 crores and 64% from the Domestic markets at INR 1084 crores. With this, the company’s exports have recorded an impressive jump of 114% on a YoY basis. The stellar growth of the company has positively impacted its earnings per share which increased to INR 10.05 in Q3 FY 22, a growth of 529% YoY. SIL’s EBITDA has grown from INR 44 crores in Q3FY21 by 79% YoY to INR 80 crores in Q3FY22.
In the previous quarters, the company had approved the plan of 137.25 crores brownfield expansion in the cotton yarn segment. The project implementation is on schedule and would eventually increase its cotton production capacity by 10,500 MT per annum. This would increase the company’s overall cotton production to 33,500 MT per annum.
The company’s board has also approved expansion plans in its cotton yarn vertical worth INR 137.25 crores along with INR 157 crores for an expansion project in Seamless Garments at Sangam Ventures Ltd. (a wholly-owned newly incorporated Subsidiary Company dated 03.12.2021).
