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INDUSTRIAL | Manufacturing
centurytextind.com

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About Century Textiles and Industries

Century Textile and Industries is a textile, cement, paper manufacturing and export company based in Mumbai.

Century Textiles and Industries Headquarter Location

Dr Annie Besant Road Worli, Maharashtra

Mumbai, 400030,

India

+91-22-24957000

Latest Century Textiles and Industries News

Century Textiles and Industries Q4 net profit dips 44 percent to Rs 80 crore

Jun 12, 2020

Century Textiles and Industries Q4 net profit dips 44 percent to Rs 80 crore By   Century Textiles and Industries Q4 net profit dips 44 percent to Rs 80 crore - Century Textiles and Industries The company’s revenue for the quarter was down 9 percent to Rs 770 crore, as compared to Rs 843 crore in the year-ago quarter. For the fiscal year 2019-20, the company recorded a net profit of Rs 378 crore in comparison to last fiscal’s Rs 499 crore while its revenue for the year was down 8 percent to Rs 3,331 crore from Rs 3,633 crore in 2018-19. Advertisements Commenting on the results JC Laddha managing director of CTIL in a statement said, “The Covid-19 pandemic in the last month of the FY 2020 has affected all the businesses, impacting the overall revenue adversely. However, every crisis opens up new opportunities as well. We are optimistic about decent growth across all businesses in the medium to long term.”   “Though the scenario is grim currently, it is expected to show signs of revival from the second half of this financial year across the businesses. All businesses have taken steps to ride on opportunities during the pandemic,” he added. CTIL is based in Mumbai and manufacturers and exports textiles. The business specialises in cotton textiles, yarns, denim, viscose filament, and rayon yarn among other materials. Copyright © 2020 FashionNetwork.com All rights reserved. Tags :

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