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Jan 28, 2009
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SKNL: Q3 & 9M FY2009 Results Release
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Mumbai, 28 January 2009: SKNL, a pioneer in manufacturing and distributing branded textile and ready-to-wear clothing, today announced its results for the quarter and nine months ended 31 December, 2008.
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Financial performance update
9M FY2009 results compared with 9M FY2008 results:
- Net income from operations up 38.9% to Rs. 16,987.2 million from Rs. 12,230.2 million
- EBIDTA improves 40.3% to Rs. 3,754.8 million from Rs. 2,675.8 million
- Net profits increase by 5.4% to Rs. 1,508.2 million from Rs. 1,430.7 million
- EPS (diluted) improves to Rs. 6.18 from Rs. 5.94 (9 months)
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Q3 FY2009 results compared with Q3 FY2008 results:
- Net Income from operations increase by 33.4% to Rs. 6,043.1 million from Rs. 4,530.7 million
- EBIDTA stand at Rs. 1,160.2 million versus Rs. 1,039.2 million, indicating 11.6% growth
- PAT after minority interest at Rs. 379.4 million versus Rs. 572.0 million.
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Financial overview (All Rupee figures in millions unless stated otherwise)
(All figures are consolidated unless stated otherwise) |
| Key Financials |
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| Particulars |
Q3 FY09 |
Q3 FY08 |
Change (%) |
9M FY09 |
9M FY08 |
Change (%) |
| Net Sales |
6,043.1 |
4,530.7 |
33.4 |
16,987.2 |
12,230.2 |
38.9 |
| EBIDTA |
1,160.2 |
1,039.2 |
11.6 |
3,754.8 |
2,675.8 |
40.3 |
| Margins |
19.2% |
22.9% |
--- |
22.1% |
21.9% |
--- |
| PBT |
660.0 |
646.7 |
2.1 |
2,388.9 |
1,618.6 |
47.6 |
| Margins |
10.9% |
14.3% |
--- |
14.1% |
13.2% |
--- |
| PAT |
379.4 |
572.0 |
(33.7) |
1,508.1 |
1,430.7 |
5.4 |
| Margins |
6.3% |
12.6% |
--- |
8.9% |
11.7% |
--- |
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About S. Kumars Nationwide Limited
SKNL is one of India’s leading textiles and apparel manufacturing companies with expertise in multi-fibre manufacturing. The company has extended its presence in multiple product categories from Fabrics to Apparels and Home Textiles. Ever since its inception, the company has been a frontrunner in its line of business and has come to be known as one of the most respected businesses in the sector.
SKNL offers an excellent set of high value products ranging from low cost high quality textiles to world class premium ready-to-wear suiting and is present in every segment of the Indian textile industry.
SKNL has state–of–the–art manufacturing capabilities and is characterized by a distribution network that is unparalleled in terms of its reach. The company also has a management team with several years of experience translating to an exhaustive knowledge of the industry.
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Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. S. Kumars Nationwide Limited (SKNL) will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. |
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