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February 05, 2016 6:29 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

1,097 Employees

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: 60
President, Executive Director, Member of Risk Management Committee and Member of Stakeholders Relationship Committee
Age: 36
Total Annual Compensation: $720.0K
Chief Finance Officer
Total Annual Compensation: $1.3M
Compliance Officer and Company Secretary
Age: 41
Total Annual Compensation: $672.0K
Compensation as of Fiscal Year 2015.

Pasupati Spinning & Weaving Mills Limited Key Developments

Pasupati Spinning & Weaving Mills Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2015

Pasupati Spinning & Weaving Mills Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the company reported total income of INR 471.8 million compared to INR 509.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 28.3 million compared to INR 24.2 million a year ago. Profit from ordinary activities before tax was INR 10.1 million compared to INR 7.7 million a year ago. Net profit after taxes, minority interest and share of profit of associates was INR 6.9 million or INR 0.73 per basic and diluted share after extraordinary items compared to INR 4.8 million or INR 0.51 per basic and diluted share after extraordinary items a year ago. For the six months, the company reported total income of INR 928.6 million compared to INR 1,034.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 56.8 million compared to INR 41.1 million a year ago. Profit from ordinary activities before tax was INR 22.5 million compared to INR 8.1 million a year ago. Net profit after taxes, minority interest and share of profit of associates was INR 150.0 million or INR 1.61 per basic and diluted share after extraordinary items compared to INR 5.0 million or INR 0.54 per basic and diluted share after extraordinary items a year ago.

Pasupati Spinning & Weaving Mills Limited, Board Meeting, Nov 14, 2015

Pasupati Spinning & Weaving Mills Limited, Board Meeting, Nov 14, 2015. Agenda: To consider unaudited standalone earnings results for the second quarter and six months ended September 30, 2015.

Pasupati Spinning & Weaving Mills Limited, Annual General Meeting, Sep 29, 2015

Pasupati Spinning & Weaving Mills Limited, Annual General Meeting, Sep 29, 2015., at 10:00 Indian Standard Time. Location: Village Kapriwas (Dharuhera).

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