Amit Rathi led Anand Rathi Brokerage recently updated the analysed Quarter 4 revenues of Financial Year 2016, of RSWM Limited which remained flat at Rs. 7,791 million on year on year basis. Where Yarn Division of the company was observed with the growth of 3% at Rs. 6,804 million, Fabric Division, on the other hand, witnessed a boost of 5% at 1,241million.
The margins for the same quarter, a year back, was observed at 14.4%, where it reached 15.2% during the quarter that ended on March 31, 2016. Value added products are the new area of focus for the company, which covers 15% of total revenues and 30% of exports.
Company’s annual net profit grew by 24% to make the real value reach up to Rs 1,060 million, which was observed Rs 849 million a year ago for the last financial year that completed on March 31, 2015. Reciprocally, net revenues witnessed a drop of 2%, which was Rs 29,547 million, which was Rs 30033 million, a year ago.
The margins of the whole year, on operational basis, were perceived at 14%. That’s a growth of 2% from last financial year’s operational basis’ margins.
Anand Rathi Brokerage, under Amit Rathi’s supervision, reported that the RSWM Limited completed all its expansions of capacities that were taking place from last two years. Streamlining the capacities, is what RSWM Limited is up to nowadays.
RSWM Limited owns premium suiting brands like Raymond, Siyaram Silk Mills, Welspun India and Mayur Suitings.