The company has registered a profit of INR 42 crores and a PAT of INR 14 cr
Bhilwara, 10 th August 2023: Sangam India Ltd. (SIL), one of the foremost producers of PV- dyed yarn, announced Q1 FY24 results recording revenue of INR 677 cr. The company’s export numbers for Q1 FY24 stood at INR 205.6 cr marking 30% of the total revenue of the company, while the domestic sales were recorded at INR 471.6 cr.
The company’s yarn division contributed 45% of the total revenue at INR 308 cr, followed by PV Fabrics and Denims, which stood at INR 164.9 and 162.2 cr, respectively. The capacity utilisation of these three key divisions stood at 98.9%, 99.7% and 85.9%, respectively.
About Sangam India Limited:
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 markets. Sangam is a leading textile conglomerate with a workforce of over 12,000 employees. Today it has 5 highly organised 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 with a total yarn capacity of 95,500 MT per annum. It is also a forerunner in manufacturing, with an annual capacity to produce 50 million meters of PV fabric and 48 million meters of denim fabric.
The company also produces 5.6 million pieces of garments per annum under the brand name C9 Airwear. Over the years, SIL 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 focused on the ESG aspect by being involved in environmental conservation, social welfare activities and organisational 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 people’s lives.
