Bhilwara Technical Textiles Limited has released its fiscal fourth-quarter results, revealing a notable turnaround in profitability and a substantial increase in revenue. The company reported a profit of Rs 3.10 crore for the quarter, a significant improvement compared to the loss of Rs 2.29 crore recorded during the same period last year.
The surge in profitability is complemented by a remarkable growth in revenue from operations, which stood at Rs 4.12 crore for the fourth quarter. This figure marks a substantial increase of 214.5% compared to the revenue of Rs 1.31 crore reported in the fourth quarter of the previous fiscal year.
In addition to the financial results, Bhilwara Technical Textiles Limited also announced key appointments within its leadership team. Avnish Maurya has been appointed as the Company Secretary & Compliance Officer, as well as the Chief Financial Officer (Key Managerial Personnel), effective from May 20, 2024. This strategic move aims to bolster the company’s governance and financial management functions.
Furthermore, the company appointed Arvind Kaul & Associates as the Internal Auditor for the Financial Year 2024-25, demonstrating its commitment to ensuring robust internal controls and compliance mechanisms.
The positive financial performance and strategic appointments reflect Bhilwara Technical Textiles Limited’s efforts to strengthen its operational capabilities and drive sustainable growth in the competitive textile industry. With a focus on enhancing efficiency and governance standards, the company aims to capitalize on emerging opportunities and deliver long-term value to its stakeholders.
