Synthetic filament yarn manufacturer Filatex India has reported 40 per cent increase in the June quarter net profit at ₹20 crore against ₹14 crore logged in the same period last year on the back of fresh capacity addition. Total revenues were up 64 per cent at ₹704 crore (₹430 crore).
The company recently enhanced its capacity to 3.23 lakh tonne per annum from 2.37 lakh tpa in FY18. Madhu Sudhan Bhageria, Chairman & Managing Director, said the operational performance has improved on the back of pick up in demand in the domestic market. Margin had become and better improvement in margins thanks to led by roll-out of GST.