Sales increased by 67.5% YoY to Rs 997.98 crore in Q2 FY22 over Q2 FY21. On the segmental front, revenue from Textiles was Rs 273.89 crore (up 99.6% YoY), Pulp and Paper revenue was Rs 685.97 crore (up 63.7% YoY), revenue from Real Estate was Rs 35.41 crore (down 0.4% YoY) and Other revenue was Rs 2.89 crore (down 27% YoY) during the period under review.
The company posted a pre-tax profit of Rs 61.99 crore in the second quarter. It had recorded a pre-tax loss of Rs 8.69 crore in the same period last year.
JC Laddha managing director, Century Textiles and Industries, said: “Manufacturing businesses posted excellent results due to healthier business environment, robust productivity at our manufacturing plants and financial prudence. Pulp & Paper business saw the best ever quarter in terms of production and sales volumes mainly supported by higher volumes from value added products and new products.
The Textiles business saw a strong revival supported by robust domestic demand on account of upcoming festive season. The Real Estate business received a strong response to its Kalyan Phase 2 launch.”
Century Textiles & Industries has presence in cotton textiles, pulp & paper and real estate sectors.
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BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
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We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
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BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: