Sanathan Textiles Limited, one of India’s leading yarn manufacturers. The Company specializes in three yarn verticals– polyester filament yarn, cotton yarn and yarn for technical textiles and industrial applications, announced its unaudited financial results for the third quarter and nine months ending on December 31st, 2024.
The company also announced the nomination of Mr. Khurshed Thanawalla as the Independent Director on the Board of Sanathan Polycot Private Limited, a wholly owned subsidiary of the Company.
Financial Highlights: –
For the nine months ended December 31st, 2024:
• Revenue from Operations stood at Rs. 2266.43 crore in 9M FY25 as against Rs. 2201.37 in 9M FY24, led by higher sales volume
• EBITDA for the 9M FY25 stood at Rs. 195.17 crore as against Rs. 147.48 crores in 9M FY24, on account of higher volumes and better margins.
• 9M FY25 PAT stood at Rs. 116.80 crores against PAT of Rs. 81.59 crores in 9M FY24
Commenting on the result, Paresh Dattani, Chairman and Managing Director, Sanathan Textiles Ltd. said, “Our Company has delivered a strong performance across all three yarn segments, driven by both new and existing customers. Stabilized pricing and operational efficiencies have contributed to our EBITDA growth. We expect demand to remain robust, supported by favorable industry trends and government policies towards the Textile Sector. At Sanathan Textiles, we are optimistic regarding the growing demand of yarns in the years to come. To cater to the growing demand, we anticipate commencing our operations in Punjab in Q1 FY26. This new facility will significantly enhance our manufacturing output in a phased manner, increasing capacity from 550 to 1,500 tonnes per day. With this addition, our total annual installed capacity for polyester filament yarn will reach an impressive 5.50 lakh MTPA, reinforcing our position as one of leading player in the textile industry.
It gives me great pleasure to nominate Mr. Khurshed Thanawalla as the Independent Director on the Board of Sanathan Polycot Private Limited, our wholly owned subsidiary. With his rich experience, particularly with Oerlikon Barmag, a pioneer in manmade fiber machinery, he brings unparalleled insights that will bolster our growth ambitions. We remain committed to delivering consistent value to all our stakeholders.”
Appointment of Independent Director:
The Board of Sanathan Textiles Limited has nominated Mr. Khurshed Thanawalla to be appointed as the Independent Director on the Board of Sanathan Polycot Private Limited. It is a wholly owned subsidiary of Sanathan Textiles and an unlisted material subsidiary in terms of Regulation 24 (1) of SEBI LODR Regulations. Mr. Thanawalla brings extensive experience in the textiles industry and will be a valuable addition to the Board of Sanathan Polycot.
Khurshed Thanawalla was a member of The Institute of Chartered Secretaries & Administrators, London, and is a fellow of the Chartered Management Institute, Corby, United Kingdom. With over 40 years of experience in the textiles industry, he retired as Country Head – India for Oerlikon Barmag in 2016. He served as Managing Director from 1985 to 2016 and as Chairman of Oerlikon Textile India Private Limited until 2021.
