Bhilwara Tech Textiles announces Rs 30.10 million net profit in March 2024

Sales surged by 214.50 per cent to Rs 40.12 million compared to Rs 10.31 million in the corresponding period last year.

In the quarter ending March 2024, Bhilwara Technical Textiles announced that its net profit had reached Rs 30.10 million, a significant turnaround from the net loss of Rs 20.29 million reported in the previous quarter ending March 2023. Additionally, sales surged by 214.50 per cent to Rs 40.12 million compared to Rs 10.31 million in the corresponding period last year.

For the entire fiscal year ending March 2024, the company revealed that its net profit amounted to Rs 120.88 million, contrasting sharply with the net loss of Rs 40.07 million incurred in the previous fiscal year ending March 2023. Furthermore, sales experienced a moderate increase of 14.68 per cent, reaching Rs 140.37 million compared to Rs 120.53 million in the preceding fiscal year ending March 2023.