Surat Textile Mills Limited

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BSE Code: 530185       NSE Code: SURATEX

Business Profile
Business Profile
Surat Textiles Mills (SURATEX), formerly known as Garden Cottons & Yarns, was incorporated in 1945. It is a textiles and fabric manufacturer. Surat Textiles Mills products and services include textiles, which include yarn (including partially oriented yarn and processed yarns), cotton, polyester, silk, fabrics, georgettes, chiffons, failles and jacquards. The apparel section of the firm includes vareli business shirts, ready-to-wear ladies garments. SURATEX`s brands include Garden and Vareli. The company operates in two segments: textiles and finance. As at June 30, 2007, Surat Textiles Mills was setting up a new 600 tons per day continuous polymerization (CP) plant. It has three manufacturing facilities in Surat and one at Silvassa.

Financials
Surat Textile Mills disclosed that it has swung to a profit for the quarter ended in December 2007.

Net Sales declined 15.54% to Rs 220.49 million for the quarter ended December 2007 from Rs 261.05 million for the quarter ended December 2006.

Total income dipped 15.41% to Rs 222.93 million from Rs 263.55 million for the quarter ended December 2006.

The earnings per share (EPS) of the company stood at Rs 0.04 in the quarter ended December 2007.

Recent Developments
05-JUN-08
The Board of Directors of Surat Textile Mills has approved the proposal for change in Registrar & Transfer Agent (RTA) of the company from MCS to Karvy Computershare.

Other Information
Annual Reports for Surat Textile Mills Limited
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2022-23
2021-22
2020-21
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1998-99
1997-98

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