Sangam India Limited (SIL), a leading textile company, has achieved record revenue of Rs. 635 crore in Q2 FY22 with an increase of 104 per cent as per Y-o-Y comparison.
The company has raised Rs. 103 crore from the promoters and Madhuri Madhusudan Kela.
Total sales of the company, as of September 2021, stand at Rs. 1,045 crore with 37 per cent of its revenue coming from international markets.
Earnings before interest, taxes, debt depreciation, and amortization (EBITDA) is Rs. 76.2 crore in Q2 FY22, which is more than 208 per cent as compared to Y-o-Y at 24.7 crore and is also better than the previous quarter of June 21 at Rs. 51.1 crore.
SIL is one of the foremost producers of PV dyed yarn and seamless apparel.
The company has also approved the plan of Rs. 137.25 crore brownfield expansion in the cotton yarn segment and successfully completed the financial closure of 102 crore term loan with lenders. The commercial operation date (COD) of this project will be 1 April 2022.
Established in 1984, Sangam India Ltd. has built 4 state-of-art manufacturing facilities situated in Bhilwara and Chittorgarh, Rajasthan.
The company produces 35 million metres of PV fabric and 48 million metres of denim fabric annually. This magnitude of production is possible with a highly organised production base equipped with more than 2,80,000 spindles and 4,000 rotors.
Notably, its seamless garment manufacturing facility has 52 seamless knitting machines that have the capacity to produce 5.4 million pieces per annum.