Mafatlal Industries Ltd. (MIL), the flagship company of the Arvind Mafatlal Group has declared unaudited financial results for the quarter ended 30th September 2013. The stand alone total income was Rs. 278.72 crore and net profit was Rs. 4.81 crore for Q2.
The Board of Directors of the company at their meeting held at Mumbai on 29th October 2013 has approved the said unaudited financial results.
For the six months ended on 30th September 2013, MIL's total income was Rs. 501.15 crore and net profit stood at Rs. 17.86 crore. Basic & diluted earnings per share (EPS) was recorded at Rs. 12.84.
Mafatlal Denim Ltd and Mishapar Investments Ltd, a wholly owned subsidiary of the company have been amalgamated with the Mafatalal Industries Ltd, the effect of which has been given in the quarter ended 31st March 2013. Thus, the quarterly and the half yearly financial numbers are not comparable with the numbers of corresponding period of last year.
About Mafatlal Industries Limited (MIL):
The Arvind Mafatlal Group is a pioneer for quality textiles in India since 1905. Mafatlal Industries Limited has composite textile mills with the latest technologies and machinery located at Navsari & Nadiad in Gujarat. This interwoven with tradition, innovation and creative designs enables MIL to deliver world class fabrics. The company's product portfolio consist of yarn dyed & piece dyed shirting, suiting, voiles, prints, linens, bleached white fabric, rubia, value added & fashion denims, school uniform fabrics, corporate /institutional uniforms, bed & bath linen and readymade garments.
Mafaftlal has an extensive 400 dealers network and 35,000 retail outlets throughout India. MIL is a fabric supplier to the most discerning customers and brands in the domestic and overseas markets.