Textile production company Filatex India reported 61.1 percent growth in net profit at Rs 28.12 crore during the quarter ended March 31, 2019. The company’s revenue increased by 21.9 percent at Rs 705.76 crore in the quarter under review.
Madhu Sudhan Bhageria, CMD, Filatex, discussed the Q4 performance and gave his outlook for the future.
We expect growth of 12-15 percent in FY20. Therefore, we should be doing around Rs 3,200-3,300 crore as a topline but the bottomline should be much better than the topline growth,” Bhageria said.
On capacity utilisation, Bhageria said, “As far as the yarn capacity is concerned, we have utilised 92 percent in the last year and we have done around 65 percent chips. However, the margin in chips are low so we do not run full capacity. We do according to demand.”
“This year (FY19) we have done 16 percent as revenue in export but in the current year we expect to do around 18-20 percent as we are increasing the capacity of textured yarn and it will help exports to go up,” he added.