Manufacturer of textiles BSL Ltd reported a 33% decrease in net profit for the fourth quarter that ended on March 31st, at Rs 2.5 crore ($3,00,226) from Rs 4 crore in the same period the previous year.
Compared to Rs 119 crore in the same quarter of the previous fiscal year, the company’s revenue for the quarter increased by 32% to Rs 156 crore. The company’s net profit for the 2024 fiscal year was Rs 11 crore, with revenue of Rs 667 crore.
In a statement, BSL Limited’s managing director, Nivedan Churiwal, commented on the findings, saying, “BSL Limited has shown strong resilience despite tough times in the world economy.” We are aware of the uncertainty in the world, particularly in light of the rising expenses of war, fuel, and logistics, as well as the volatility of cotton prices as a result of shifting interest rates and other market conditions. Nevertheless, we are happy to announce that our sales are rising year in spite of these difficulties.”
“We are making every effort to improve every aspect of our business, particularly in terms of profitability and satisfying demand in both local and international markets, by working tirelessly to maximize capacity utilization and marketing strategies. We also see indications that demand is increasing, which is encouraging for our further expansion,” he said.
