Sangam India Ltd posts a 80% jump in its annual turnover to INR 2438 crores

Sangam India Ltd. (SIL), one of the foremost producers of PV dyed yarn and seamless apparel, has announced that its revenues jumped by 51% Y-o-Y at INR 746 crores for the quarter ending 31st March, 2022. Sales recorded for the 12 months period ended for FY 22 is INR 2438 crores, Exports Sale INR 920 Cr (38%) , Domestic Sales INR 1518 Cr (62%) Export has grown from INR 423 crores to INR 920 crores by over 117% over FY 21.

This has been a historic year for Sangam India as it records it highest ever revenues and net profits since its inception in 1984. Q4 FY 22 also marks the best performing quarter as net profits ofthe company rose by 61.45% Y-o-Y. The Company is also rated A with Stable outlook in the current year from the negative outlook in the last year by India rating for long term debt and Al for short term lending based on FY21 dated 03.02.2021.

The company's EBITDA increased to INR 108 cr in Q4 FY22 from INR 78.9cr, registering a growth of over 36% YoY.

Shares of Sangam (India) Limited was last trading in BSE at Rs. 298.95 as compared to the previous close of Rs. 306.00. The total number of shares traded during the day was 1935 in over 316 trades.

The stock hit an intraday high of Rs. 309.70 and intraday low of 291.25. The net turnover during the day was Rs. 580042.00.

Source : Equity Bulls

Keywords

SangamIndia INE495C01010 PVDyedYarn Q4FY22 FY2022 ResultUpdate