NEW DELHI, Aston Textiles (India) Ltd. has reported multiple-fold growth in net profit and total revenue for the third quarter of FY2023. The company in the third quarter of FY23 posted Rs. 11.39 crore net profit has been made
While in the third quarter of FY22, the company had Rs. 1 lakh was a net loss. The company’s total revenue in the third quarter of FY22 was Rs. 14.25 crores, in which from the company’s operations Rs. 3.25 crore was generated and other income contributed Rs. 11 crore was
The company in the board meeting held on 16th December 2022 each Rs. 1 had allotted bonus equity shares worth 114.73 crores of equity shares. The allotment is in the form of fully paid bonus equity shares in the ratio of 9:1 of Rs. 1 for each 1 equity shares of Rs. 9 equity shares of 1 will be issued.
The record date for bonus shares has been announced as 14 December 2022. As a result the paid-up equity share capital of the company is each Rs. 1 of 12.74 crore equity shares each to Rs. 1 has been 127.48 crores.
Talking about the results, Mr. Deepak Kumar Bhojak, Managing Director, Elstone Textiles (India) Ltd. said, ‘We are anticipating strong growth and are poised for sharp growth in the near future. The conceptual leadership of the company’s management and their deep understanding enable the company to explore new opportunities and their true potential. The company provides commitment and value based on the highest professional standards and aims to capitalize on growth opportunities in the economy.’
For 9 months ending December 2022, the company will pay Rs. 20.62 crore net profit was reported. During the same period last year, the company had Rs. 7 lakhs net loss. Total revenue during the nine months of FY23 was Rs. 25.16 crore was recorded, with income from operations at Rs. 5.16 crores and the contribution of other income was Rs. 20 crores.
Established in the year 1985, Alstone Textiles (India) Ltd. is in the textile business, which includes cotton, wool, art silk, natural silk, ready-made apparel, hosiery, synthetic fiber and fabric and mix fabrics. Shares of the company are Bombay Stock Exchange Ltd. (BSE), Delhi Stock Exchange Limited and Ahmedabad Stock Exchange Limited. (ASE) is listed. Company name changed to Alstone Textiles (India) Ltd. on 23rd September 2015. was done, which was formerly Shalini Holdings Ltd. was known as
