Sangam India Ltd. reported stellar growth of 483% YoY in its PAT at Rs 44 crores for Q3 FY ’22, as against Rs 7 crore for the previous corresponding quarter.
Sangam India’s revenue for the quarter ending December 2021 stood at Rs 646 crore against Rs 438 crore for the quarter ending December 2020, reflecting a growth of 47% YoY. The company reported total sales of Rs 1691 crore, including exports of Rs 607 crore, for the nine-month period ending December 2021, showing a growth of 114% YoY.
SIL’s EBITDA has grown from Rs 44 crore to Rs 80 crore for the Q3 FY’22, showing a growth of 79% YoY. The company has approved a brownfield expansion plan in the cotton yarn segment worth Rs 137.25 crore in the previous quarters.
The company is in the process of implementing and would eventually increase its cotton production capacity by 10,500 MTPA, increasing the company’s overall cotton production capacity to 33,500 MTPA.
