Ambika Cotton Mills has reported results for third quarter ended December 31, 2013.
The company has reported 82.44% rise in its net profit at Rs 15.07 crore for the quarter, as compared to Rs 8.26 crore for the same quarter in the previous year. Total income from operations of the company increased by 36.11% at Rs 128.19 crore for quarter under review as compared to Rs 94.18 crore for the quarter ended December 31, 2012.
Ambika Cotton Mills is a manufacturer of cotton yarn. The company has four manufacturing units in Dindigul, Tamil Nadu. In FY07, the company set up its fourth unit with an installed capacity of 43,200 spindles including doubling of yarn for 9,600 spindles along with back processing machinery in a separate plant at an estimated cost of Rs 1,406.3 million. The company’s clientele consists of well-reputed manufacturers engaged in manufacturing shirts/knitwear products, both in the domestic and international markets.
