Sangam India Ltd. (SIL), one of the foremost producers of PV-dyed yarn, announced Q1 FY24 results recording revenue of Rs. 677cr. The company’s export numbers for Q1 FY24 stood at Rs. 205.6 cr marking 30% of the total revenue of the company, while the domestic sales were recorded at Rs. 471.6 cr.
The company’s yarn division contributed 45% of the total revenue at Rs. 308 cr, followed by PV Fabrics and Denims, which stood at Rs. 164.9 and 162.2 cr, respectively. The capacity utilisation of these three key divisions stood at 98.9%, 99.7% and 85.9%, respectively.