September 25, 2016 11:04 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Pasupati Spinning & Weaving Mills Limited

Company Overview

Pasupati Spinning & Weaving Mills Limited manufactures and sells textiles and textile articles in India. The company offers synthetic and blended yarns, cotton yarns, sewing threads, knitted fabrics, garments, and polyster and cotton wastes. It serves industries, such as knitwears, weaving, terry towel, carpet, etc. The company also exports its products to South Korea, Japan, Hong Kong, the Philippines, Morocco, Algeria, Egypt, Tunisia, Israel, Italy, Cyprus, Turkey, Croatia, Germany, Portugal, the Dominican Republic, and Brazil. Pasupati Spinning & Weaving Mills Limited was incorporated in 1979 and is headquartered in New Delhi, India.

1501, Nirmal Tower

26, Barakhamba Road

New Delhi,  110001

India

Founded in 1979

Phone:

91 11 4763 2200

Fax:

91 11 2331 6441

Key Executives for Pasupati Spinning & Weaving Mills Limited

Chairman, Managing Director, Chairman of Risk Management Committee and Member of Stakeholders Relationship Committee
Age: 61
President, Executive Director, Member of Risk Management Committee and Member of Stakeholders Relationship Committee
Age: 37
Total Annual Compensation: 720.0K
Chief Finance Officer
Total Annual Compensation: 1.3M
Compliance Officer and Company Secretary
Age: 42
Total Annual Compensation: 672.0K
Compensation as of Fiscal Year 2015.

Pasupati Spinning & Weaving Mills Limited Key Developments

Pasupati Spinning & Weaving Mills Limited Announces Audited Earnings Results for the Year Ended March 31, 2016

Pasupati Spinning & Weaving Mills Limited announced audited earnings results for the year ended March 31, 2016. For the year, the company announced revenue from operations of INR 1,890,029,738 compared to INR 2,040,944,448 a year ago. Total revenues were INR 1,899,499,138 compared to INR 2,065,849,686 a year ago. Profit before tax was INR 2,228,560 compared to INR 1,770,721 a year ago. Profit for the year was INR 1,214,206 or INR 0.13 basic and diluted per share compared to INR 1,879,932 or INR 0.20 basic and diluted per share a year ago. Net cash from operating activities of INR 30,312,154 compared to INR 10,363,485 a year ago. Purchase of fixed assets was INR 11,772,883 against INR 12,161,653 a year ago.

Pasupati Spinning & Weaving Mills Limited Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2016

Pasupati Spinning & Weaving Mills Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported total income of INR 478.7 million compared to INR 456.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 20.5 million compared to INR 28.5 million a year ago. Profit from ordinary activities before exceptional items and tax was INR 5.2 million compared to INR 12.4 million a year ago. Net profit after taxes, minority interest and share of profit of associates was INR 3.4 million or INR 0.36 per basic and diluted share after extraordinary items compared to INR 8.1 million or INR 0.88 per basic and diluted share after extraordinary items a year ago.

Pasupati Spinning & Weaving Mills Limited, Board Meeting, Aug 09, 2016

Pasupati Spinning & Weaving Mills Limited, Board Meeting, Aug 09, 2016. Agenda: To consider unaudited financial results of the company for the quarter ending June 30, 2016.

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