Banswara Syntex Reports Mixed Q1 Results: Revenue Up 12.7%, Garment Division Shines 5 days ago
Banswara Syntex Limited reported a 12.7% year-on-year increase in total income to INR309.60 crores for Q1, driven by strong performance in its garment division. The company saw a marginal increase in EBITDA to INR21.90 crores but recorded a net loss of INR1.40 crores. The garment division led growth with a 42% YoY revenue increase and improved capacity utilization. Despite challenges like labor shortages in the yarn division, the company maintains its full-year targets of INR1,550.00 crores in revenue and 12% EBITDA. Banswara Syntex is adapting to global trade dynamics and sees opportunities in the domestic market and from the India-UK free trade agreement.
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