Oswal Spinning & Weaving Mills has reported results for fourth quarter ended December 31, 2011.
The company has posted a rise of 330% in its net profit at Rs 0.43 crore for the quarter ended December 31, 2011 as compared to Rs 0.10 crore for the same quarter in the previous year. Total income has increased by 1.22% at Rs 29.98 crore for the quarter under review as compared to Rs 29.62 crore in the same quarter of 2010.
Oswal Spinning & Weaving Mills is engaged in the manufacturing of 100% grey cotton yarn. Oswal Spinning has its manufacturing unit located in the Ludhiana district of Punjab with an installed capacity of 26,208 cotton yarn spindles. The company supply yarn to reputed global yarn importers in various countries.