Century Textiles: Q1FY15 Result Analysis
Nutan Gupta / 24 Jul 2014
Century Textiles and Industries announced its financial results for the quarter ended 30th June, 2014. We give you the highlights of the company’s performance.
The income from operations for Century Textiles came in at Rs 1839 crore for the quarter ended 30th June, 2014 as compared to Rs 1573 crore in the corresponding quarter of the previous year. The company’s total expenses in the current quarter stood at Rs 1741 crore as against Rs 1463 crore in the same quarter last year, reporting a growth of 19%. Of these total expenses, Rs 777 crore was on account of the cost of materials consumed, while the employee benefits expense stood at Rs 138.2 crore.
Other income of the company went up significantly by 56.72% to reach Rs 7.46 crore in the current quarter as compared to Rs 4.76 crore in the same quarter last year. However, if we compare on a sequential basis, other income came down by 5.44% in this fiscal. All in all, the company reported a net profit of Rs 66.49 crore in Q1FY15 as compared to a loss of Rs 4.90 crore in Q4FY14. On YoY basis, the company’s net profit went up by a significant 76.6%.
Coming to the segment-wise revenue, of the total revenue of Rs 1839 crore, the revenue from textiles came in at Rs 430 crore, the revenue from cement came in at Rs 1008.5 crore, the revenue from pulp and paper came in at Rs 444.7 crore, while that from others came in at Rs 30.44 crore.