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Textile player Mafatlal Industries Ltd (MIL) posted 215% increase in its net profit at Rs 13.05 crore for the quarter ended June 30, 2013 as compared to Rs 4.14 crore in the corresponding period last year. The company’s total income was recorded at 222.43 crore versus 140.50 crore in the period under consideration.
The Arvind Mafatlal Group, the group company of MIL, is a pioneer for quality textiles in India since 1905.
MIL has composite textile mills with the latest technologies and machinery located at Gujarat. This interwoven with tradition, innovation and creative designs enables MIL to deliver world class fabrics.
The company’s product portfolio consists of yarn dyed shirtings, suitings, voiles,prints, linens, bleached white fabrics, rubia, value added & fashion denims, school uniform fabrics, corporate/ institutional uniforms, Bed & Bath Linen and readymade garments.
Mafatlal has an extensive 400 dealer network and 35, 000 retail outlets throughout India and is a supplier to the most discerning customers & brands in the domestic and overseas markets.
H A Mafatlal, Chairman of the company, while addressing the shareholders, said, “Following the amalgamation, capacity expansion across the denim and fabric divisions will strengthen the company’s sectoral position.”
