Sangam India Ltd. (SIL), one of the foremost producers of PV-dyed yarn and seamless apparel, announced Q4 FY23 results recording revenue of Rs. 688 cr. The Gross revenue for FY 22 -23 stands at Rs. 2715 cr against Rs. 2438 cr in FY 21-22, marking a growth of 11% YoY.
The company’s Export numbers for Q4 FY23 stood at Rs. 200 cr, whereas domestic sales for Q4 FY23 stood at Rs. 488 cr. Sangam’s overall domestic sales for the year ended FY 22-23 is Rs. 1958 cr against total export sales for FY 21-22, which is Rs. 757 cr.
Further, the Company has received an A rating; with a stable outlook in the current year by India rating for long-term debt stable and an ‘A1’ rating for short-term lending based on FY22 dated 24.03.22
