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The Textile Magazine
JUNE 2012
net sales at Rs. 1,417.22 crores compared to Rs.
1,171.52 crores in the previous year ended March 31,
2011. Net profit stood at Rs. 17.08 crores (Rs. 56.59
crores). Export revenue has increased by 21 per cent
to Rs. 308.22 crores.
Commenting on the company’s financial perform-
ance, Mr. Soni said: “In spite of challenges in the
industry on account of high volatility in cotton prices
and currency fluctuations, we have managed to post
performance much better than the other players in
this segment. Once the market stabilises, we hope to
deliver better performance in the coming quarters.”
Meanwhile, the company’s Board of Director has
recommended a dividend of 10 per cent (Re 1 per
share) for the equity shareholders.
Promoted by first-generation entrepreneurs, Mr.
R.P. Soni and Mr. S.N. Modani, Sangam (India) is
one of the largest manufacturers of polyester viscose
dyed yarn in the country. At present, it has 1,62,720
spindles of polyester-viscose dyed yarn and 31,200
spindles for cotton yarn installed in Bhilwara, along
with 257 weaving machines and a 31 mw thermal
power plant.
The company also has its strong presence in the
Indian synthetic blended fabric segment with brands
like Sangam and Anmol. The company has an es-
tablished client base, like Reliance, Reid & Taylor,
Siyaram and Grasim. Its fabric is marketed through a
network of 200 plus dealers and thousands of retail-
ers.
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