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Century Textiles and Industries stock rises 16.6% after Q1 earnings

The firm posted a profit of Rs 25 crore in Q1 FY22 as against a loss of Rs 36 crore in Q1FY21

Textiles
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The company’s sales went up 111 per cent at Rs 832 crore in Q1FY22 as against Rs 394 in Q1FY21.

BS Reporter
Shares of Century Textiles and Industries, subsidiary of Aditya Birla Group, gained 16.6 per cent after the company announced its quarterly earnings on Wednesday.
 
The firm posted a profit of Rs 25 crore in Q1 FY22 as against a loss of Rs 36 crore in Q1FY21. The company’s sales went up 111 per cent at Rs 832 crore in Q1FY22 as against Rs 394 in Q1FY21.
 
Among others, the company also announced it has obtained Intimation of Disapproval for its real estate project in Century Mills site at Worli in Mumbai.
 
According to the expert, the developer

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