Lakshmi Cotsyn high on profit

Shri Lakshmi Cotsyn has posted a net profit of Rs 25.40 crores for the quarter ending March 31, 2010.

It reported Rs 15.65 crores for the fourth quarter last year. The net profit has gone up by 62.30 per cent. The total sales was Rs 389.10 crores in the fourth quarter, up from Rs 291.06 crores for the same quarter last year. This is an increase of 33.68 per cent. The strong performance has not come as a surprise to industry watchers. The company has been consistently excelling in its core competencies and has branched out into areas with the same drive and passion to excel and give products that have enhanced the brand name. 

Shri Lakshmi Cotsyn is India’s leading textile products manufacturer. It plans to invest Rs 1,500 crores for further expansion in the next quarter. It is looking forward to coming up with products such as home furnishing, terry towels, denim fabrics, technical textile fabrics and spinning projects. In recent years the company has fast tracked many of its projects and has undertaken many innovations in the supply chain and logistics. Headed by a dynamic and forward-thinking management, Shri Lakshmi Cotsyn has set benchmarks in many areas of delivery systems and has been a trailblazer in product planning and launches.