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Vijay Textiles’ revenue rise 66% in Q1FY18
The net profit of Vijay Textiles jumped 245 per cent to Rs 1.72 crore in the first quarter of fiscal 2018 as against Rs 0.49 crore in the first quarter of fiscal 2017.
Pak’s GST relief for machinery import
Pakistan’s Federal Board of Revenue (FBR) has exempted sales tax on the import of machinery (not manufactured locally) by textile units registered with the Ministry of Textile Industry from January 16, 2017 till June 30, 2018. In this connection, the FBR has amended SRO 1125(1)2011 through an SRO 36(1)/2017 issued recently.
Bombay Dyeing Q3 loss widens
Bombay Dyeing and Manufacturing reported widening of its standalone net loss at Rs 78.15 crore for the third quarter ended December 31.
Welspuns revenue up 21 per cent
Welspun India Ltd (WIL), part of the $ 3 billion Welspun Group has announced Q1-FY15 results, showing strong growth in revenue and profitability in comparison to the corresponding period last year.
Welspun nets all-time high sales and EBITDA
Welspuns revenue stood at Rs 44,954 million as against Rs 36,473 in the corresponding year, a 23 per cent growth YoY with strong volume growth in towels and rugs and higher realisation across products.
Arvind Q4 revenue up by 34%
Arvind Limited has recorded strong growth in the consolidate revenue by 34 per cent at Rs 1,879 crore for the quarter ended 31st March 2014, as against Rs 1,406 crore in the corresponding quarter of the previous year.
Bdesh slashes tax on readymade garment export
The government of Bangladesh has slashed tax by 0.5 percent at source for readymade garment (RMG) export to make up for loss incurred during last years political turmoil. Tax on other exports has been reduced by 0.2 percent. The National Board of Revenue (NBR) announced the cuts on Wednesday, a day before the first anniversary of Bangladeshs worst industrial disaster that killed over 1,130 people, mostly RMG workers.
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