Siyaram Silk Mills net profit declines

Siyaram Silk Mills in its financial results announced for the

period ended March 31, 2013 has said that its net sales from operations stood at Rs 289.61 crores for the quarter ended March 31, 2013 (a rise of 8.88 percent) as against Rs 267.93 crores for the quarter ended March 31, 2012. Net profit of Siyaram Silk Mills declined 23.84 percent to Rs 12.97 crores in the quarter ended March 2013 as against Rs 17.03 crores during the previous quarter ended March 2012.

The company has reported an EPS of Rs 13.95 for the quarter ended March 31, 2013 as compared to Rs 16.75 for the quarter ended March 31, 2012. The company has reported net sales/income from operations of Rs 1041.31 crores for the year ended March 31, 2013 against Rs 915.54 crores for the year ended March 31, 2012. The net profit /(loss) was at Rs 55.01 crores for the year ended March 31, 2013 against Rs 56.73 crores for the year ended March 31, 2012.

Siyaram Silk Mills for over three decades has been catering to the aspirations of young India by making contemporary fashion accessible to the classes and masses. It is the leading fabric manufacturer that boasts of an elite brand portfolio consisting of powerful brands like Siyaram’s, J Hampstead, Mistair, Royale Linen and the recently launched Moretti, and also has Oxemberg and MSD as its apparel brands.