Singer India Secures Rs. 202.70 Crore Orders for PM Vishwakarma Scheme
Singer India Limited has received two purchase orders totaling Rs. 202.70 crore to supply 281,128 sewing machines by September 30, 2026, as part of the PM Vishwakarma Scheme. The orders, placed by aggregators of Kendriya Bhandar, include complete sewing machine sets with stands, tables, and motors. The contract allows for a quantity variation of ±25% and requires government clearance. While the order represents a significant opportunity for Singer India, it's noted that the underlying contract is being challenged in the Delhi High Court.
22May 25
Singer India's Q4 Results Show Significant Growth in EBITDA and Net Profit
Singer India Limited has released its Q4 financial results, showing significant growth across key metrics. Revenue increased by 9.09% to ₹1.20 billion, while EBITDA nearly doubled to ₹41.40 million, representing a 92.56% year-over-year growth. The EBITDA margin improved from 1.89% to 3.40%. Net profit surged by 76.09% to ₹40.50 million, compared to ₹23.00 million in the same quarter last year. These results indicate enhanced operational efficiency and effective management strategies.