Sangam India Q4 FY 22 revenues jump by 51% to Rs 746cr

Sangam India Ltd. (SIL), an Indian poly viscose (PV) dyed yarn and seamless apparel producer, has reported a year-over-year 51% increase in revenues at INR 746 crores for the quarter ending 31 March 2022 (Q4 FY 22).

The company said that its sales were INR 2438 crores for the 12 months period ended for FY 22.

Exports sales for the Indian textile group were INR 920 crores, while domestic sales contributed INR 1,518 crores.

Sangam India said that its export has increased from INR 423 crores to INR 920 crores by more than 117% over FY 21.

The Indian textile conglomerate stated: “This has been a historic year for Sangam India as it records it highest ever revenues and net profits since its inception in 1984. Q4 FY 22 also marks the best performing quarter as net profits of the company rose by 61.45% Y-o-Y.”