KSL and Industries Ltd
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BSE Code:
530149
NSE Code:
Business Profile
Business Profile
KSL and Industries (KSLIND), incorporated in 1975, is an industrial conglomerate engaged in textiles and real estate. Earlier known as KSL Realty and Infrastructure, it got its present name on July 24, 2007. The company is part of the Saurabh Tayal Enterprise, which is primarily engaged in the production and exports of knitted fabrics and real estate. Jaybharat Textiles and Real Estate is a group company.
The company is an integrated textile company addressing the complete range of products and processes across the sector which includes cotton, synthetic and polyester yarn; knitted fabrics; processing, printing and mercerizing of knitted fabrics. The five manufacturing units are at Kalameshwar, Wada, Silvassa, Bhilad (spinning) and Dombivili (knitting, processing and garmenting with an installed capacity of spinning 24,000 TPA yarn, knitting 19,000 TPA fabrics of different designs and textures, processing 1,000 TPA fabric, and manufacturing 800,000 garments per annum.
A mix of premium and upcoming locations have been acquired by the company across Mumbai, Punjab, Tier-II and III urban centers of Nagpur, Kolhapur, Kalameshwar, Amritsar, and Silvassa. It has in FY07 acquired 10 hectares of land at Nagpur and undertaken a prestigious project named Empress City. This project comprises of information technology park, five star hotel, shopping malls, multiplex and residential facilities. Reward Real Estate Company, Kamleshwar Textile Mills, and Deccan Real Estate & Infrastructure are subsidiary companies.
The registered office is located at Plot No 69, Danudyog Industrial Area, Piperia,
Silvassa, Dadra & Nagar Haveli.
Financials
KSL and Industries registered a 30.78% growth in net profit to Rs 145.22 million for the quarter ended December 2007 from a profit of Rs 111.04 million for the quarter ended December 2006.
Net sales rose 22.15% to Rs 1,642.57 million for the quarter ended December 2007 from Rs 1,344.73 million for the quarter ended December 2006.
Total income was Rs 1,646.5 million for the quarter ended December 2007.
The earnings per share (EPS) of the company stood at Rs 1.45 for the quarter ended December 2007.
Recent Developments
13-MAR-08
KSL and Industries, the Mumbai-based leading textile and yarn manufacturer has embarked on a major expansion to develop real estate on a pan-India basis. With developments plans in place for 15 projects which are a mix of residential, commercial, retail, IT park, hospitality and warehousing, the company is geared to create world-class properties, according to Saurabh Tayal, chairman, KSL and Industries
30-NOV-07
On Nov. 30, 2007, the board of directors allotted 2,174,385 equity shares of Rs 4 each at the price of Rs 253 per share, including a premium of Rs 249 per share on preferential basis.
27-JUN-07
The board of directors of KSL & Industries has approved for the change of name of the company from the current one to `KSL Realty & Infrastructure`. The above decision was taken in the baord meeting held on Jun. 27, 2007.