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The Textile Magazine
August 2012
Banswara Syntex’ focus on
overall capacity increase
corporate
Banswara Syntex Ltd. (BSL)
clocked a turnover of Rs. 924
crores, a growth of 14 per cent
over Rs. 809 crores in 2010-11.
The company’s turnover in value
for yarn increased by 13 per cent,
fabric by 14 per cent and garments
by 29 per cent. This confirms the
company thrust on value-added
fabrics and readymade garments.
Production of synthetic yarn
during 2011-12 increased to 279
lakh kg, up two per cent, and that
of worsted yarn increased to 14.02
lakh kg, up by 16 per cent. Pro-
duction of garments increased by
seven per cent to 21.93 lakh pieces.
During the year the company pro-
duced more of value-added fabrics
and technical textiles. However,
the overall production of fabric at
311 lakh metres was down by four
per cent. Over the previous year
the company started production of
shirting fabric also.
During the year, the textile
industry faced global recession and
the Indian currency witnessed sharp
fluctuations against the US dollar.
The finance cost also increased
considerably. Profit before interest,
depreciation and tax for 2011-12
was Rs. 136 crores against Rs. 139
crores in 2010-11.
During the year, the export turno-
ver of the company, excluding ex-
port benefits, was at Rs. 472 crores
as against Rs. 461 crores during
2010-11, up by about 2.37 per
cent. The growth took place in all
the three segments of yarn, fabric
and garments. The export perform-
ance of the company was adversely
affected by the sharp fluctuations
in the exchange rate of the Indian
rupee against the US dollar.
During the year, Banswara
Syntex marketing as well as design
and development teams collected
feedback in the international market
Mr. R.L. Toshniwal,
CMD, Banswara Syntex Ltd