Shri Lakshmi Cotsyn posts net profit up by 62%

Shri Lakshmi Cotsyn posts net profit up by 62%India’s leading Textile products manufacturer Shri Lakshmi Cotsyn has announced its fourth quarter financial results for the fiscal year 2009-10 and has managed to post an impressive net profit.

The firm has posted a net profit of Rs 25.40 crore for the quarter that ended on 31st March, 2010. It was reported as Rs 15.65 for the fourth quarter last year. This net profit figure has been 62.30% up as compared to the same quarter in the preceding year.

So far as the total sales of the company are concerned, it has touched Rs 389.10 crore for the fourth quarter. It has increased from Rs 291.06 crore for the same quarter last year. It has registered an increase of 33.68% in total sales.

The Shri Lakshmi Cotsyn top officials have informed that it has decided to invest Rs 1,500 crore for its further expansion plans in the next quarter. It is looking forward to come up with various products such as home furnishing, terry towels, denim fabrics, technical textile fabrics and spinning projects.