Published on November 9, 2019
By Sachin Murdeshwar
Mumbai : – Fiberweb (India) Ltd (BSE – 507910), a 100% EOU manufacturers of non-woven fabrics reported sales of Rs 32.4crore for FY20 ending 30thSeptember 2019. The company on standalone basis has reported EBIDTA of Rs 5.5 crore, with EBIDTA margins of 16.9%. The net profit were reported at Rs 4.1crore for the 2ndquarter of FY20 ending 30th September 2019.
Financial Highlights for Q2FY20
Speaking on the occasion Mr.Bhavesh. P. Sheth, President of Fiberweb (India) Ltd said – “ The company is currently undergoing the transition. The Management has also simultaneously initiated steps to increase the turnover and propel the future growth of the company, by entering into niche product segments, the plans for which should be in place by end of the current financial year.”