PNN DigitalPNN Digital
    Facebook Twitter Instagram
    Monday, June 2
    Trending
    • Syncom Formulations (India) Limited Reported Its Excellent Performance For 4th Quarter
    • capitalCORN Advises Uni Seoul on Rs 5 Crore Seed Round Led by Sauce VC
    • KICH Powers Accessibility and Innovation in Kanpur Metro: Building India’s Future, One Detail at a Time
    • ITCONS E-Solutions Reports 100 Percent Revenue Growth in FY 2024-25 Over Previous Fiscal
    • Astro Parduman’s Revolutionary Seminar Blending Astro, Numero & Vastu in Hisar
    • Aayush Wellness’s FY25 Revenue Rockets 8,645%, Net Profit Soars 489%
    • Aristo Bio-Tech FY25 PAT Rises to Rs 4.06 Cr, Revenue Jumps 30 Percent to Rs 318.09 Cr
    • IFL Enterprises Ltd reports stellar turnaround in FY25; PAT up 348 Percent Y-o-Y to Rs. 3.04 crore in Q4FY25
    Submit News
    Twitter LinkedIn Instagram
    PNN DigitalPNN Digital
    Subscribe
    • Home
    • News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • More
      • Sports
      • Health
      • Finance
      • Education
    PNN DigitalPNN Digital
    Home»Business

    Lagnam Spintex reports Total Revenue of Rs 92.58 crores in Q2FY24 an increase of 47% from Q2FY23

    Devv JaniDevv JaniUpdated:16/11/2023 Business 2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    New Delhi (India), November 16: Lagnam Spintex Limited, a leading manufacturer of high-quality cotton yarns in India, has announced its results for the period ended on September 30, 2023, in its board meeting held on 9th November 2023. 

    The revenue for this quarter, Q2FY24, grew to Rs 92.58 cr compared to Rs 63.05 crores in Q2FY23, a jump of 47%. Lagnam is very excited to inform you that the increase in Revenue was due to the new product profile they have added as part of their expansion project and reached out to new markets both in Exports and Domestic. In exports, we have increased our volumes in countries like Turkey, Peru, Morocco, Argentina, and South Korea, to name a few. Lagnam expects their expansion project of 41472 spindles to be completed ahead of schedule date of 1st April 2024. This expansion project will double its capacity from 35 metric tonnes per day to 70 metric tonnes per day.

    Lagnam Spintex Q2FY24 Results comparative:

    Q2FY24Q2FY23% Increase
    Total RevenueRs. 92.58 cr.Rs. 63.05 cr.47%
    Export TurnoverRs. 40.83 cr.Rs. 22.25 cr.83%

    In the same quarter of the previous year, the company’s total revenue was Rs 63.05 crores. In the preceding quarter, which ended on June 30, 2023, the revenue was Rs 71.75 crores.

    Commenting on the performance of the company, Mr. Anand Mangal, Promoter and Managing Director of Lagnam Spintex, said, “We are very happy with the way our expansion project is progressing. We are seeing great demand for our Compact yarn from existing and new customers. Our product quality from the expansion project is well accepted in both the Domestic and Export markets, which is helping us to increase our customer base.”

    If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

    Devv Jani

    Keep Reading

    Syncom Formulations (India) Limited Reported Its Excellent Performance For 4th Quarter

    capitalCORN Advises Uni Seoul on Rs 5 Crore Seed Round Led by Sauce VC

    KICH Powers Accessibility and Innovation in Kanpur Metro: Building India’s Future, One Detail at a Time

    ITCONS E-Solutions Reports 100 Percent Revenue Growth in FY 2024-25 Over Previous Fiscal

    Astro Parduman’s Revolutionary Seminar Blending Astro, Numero & Vastu in Hisar

    Aayush Wellness’s FY25 Revenue Rockets 8,645%, Net Profit Soars 489%

    Recent Posts
    • Syncom Formulations (India) Limited Reported Its Excellent Performance For 4th Quarter
    • capitalCORN Advises Uni Seoul on Rs 5 Crore Seed Round Led by Sauce VC
    • KICH Powers Accessibility and Innovation in Kanpur Metro: Building India’s Future, One Detail at a Time
    • ITCONS E-Solutions Reports 100 Percent Revenue Growth in FY 2024-25 Over Previous Fiscal
    • Astro Parduman’s Revolutionary Seminar Blending Astro, Numero & Vastu in Hisar

    Syncom Formulations (India) Limited Reported Its Excellent Performance For 4th Quarter

    02/06/2025

    capitalCORN Advises Uni Seoul on Rs 5 Crore Seed Round Led by Sauce VC

    02/06/2025

    KICH Powers Accessibility and Innovation in Kanpur Metro: Building India’s Future, One Detail at a Time

    02/06/2025

    ITCONS E-Solutions Reports 100 Percent Revenue Growth in FY 2024-25 Over Previous Fiscal

    02/06/2025

    Astro Parduman’s Revolutionary Seminar Blending Astro, Numero & Vastu in Hisar

    02/06/2025

    Aayush Wellness’s FY25 Revenue Rockets 8,645%, Net Profit Soars 489%

    31/05/2025
    Facebook Twitter Pinterest Vimeo WhatsApp TikTok Instagram

    MENU

    • Home
    • Business
    • Education
    • Home
    • Business
    • Education
    • National
    • Lifestyle

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 PNN Digital. Designed by Primex Media Services.
    • About Us
    • Legal Disclaimer
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.