A Textile inventory surged practically 7 % after securing a Rs.60.7 crore technical textile order from the Odisha authorities. This strategic win highlights the corporate’s rising involvement within the infrastructure and textile sectors, strengthening its place out there.
Worth Motion
In Friday’s buying and selling session, Mafatlal Industries Ltd’s share worth surged 7 %, reaching an intraday excessive of Rs.206.65 per share from its earlier shut of Rs.193.20 apiece. The value has since retreated to Rs.197.35 per share. Over the previous 5 years, the inventory has delivered spectacular returns of over 1,500 %.
Rational for the rise
Mafatlal Industries Restricted a outstanding participant within the Indian textile business, has secured an Rs.60.7 crore order from the Odisha Authorities within the well being and hygiene sector, specializing in technical textiles.
The order entails supplying sanitary napkins to authorities colleges and the state medical company community throughout Odisha, geared toward selling private hygiene amongst school-going women. The mission is predicted to be accomplished over the following three to 4 quarters.
Administration Commentary
Commenting on the event, Mr. M. B. Raghunath, Chief Govt Officer, stated, “I’m very delighted to announce the receipt of this order of sanitary napkins. The order is consistent with the Firm’s technique to develop the hygiene phase of Technical Textiles.
The corporate entered this phase within the yr 2016. The corporate is dedicated to ship revolutionary textile options that make a significant influence on society because it addresses the basic wants of hygiene and improve the general well-being of the feminine college students.”
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Manufacturing Services
The corporate boasts superior manufacturing crops located primarily in Nadiad and Navsari, Gujarat. These amenities are outfitted to deal with a variety of textile processes, together with bleaching, dyeing, weaving, and ending.
Monetary Efficiency
In its current monetary updates, Mafatlal Industries Ltd’s income fell 11 % to Rs.996 crore in Q2 FY25 in comparison with Rs.309 crore in the identical quarter a yr in the past. Nonetheless web earnings fell barely 5 % to Rs.20 crore from Rs.21 crore in the identical interval.
Firm Overview
Mafatlal Industries Ltd., based mostly in Mumbai, is a well-established textile producer in India, a part of the Arvind Mafatlal Group, which boasts a wealthy historical past of over a century. The corporate focuses on producing a various vary of merchandise, together with shirtings, suitings, jeans, and residential textiles, and has a powerful presence within the Indian textile business.
Written by – Siddesh S Raskar
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