July 13, 2014 2:13 AM 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. It offers cotton yarn, polyester, nylon and water soluble threads, sewing threads, knitted fabrics, garments, and two ply yarns. The company exports its products to the United States, Brazil, Dominican Republic, Canada, Portugal, France, Morocco, Turkey, Algeria, Israel, Mauritius, Switzerland, Spain, Egypt, Bangladesh, Korea, Malaysia, Hong Kong, and Singapore. 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

Phone:

91 11 4763 2200

Fax:

91 11 2331 6441

Key Executives for Pasupati Spinning & Weaving Mills Limited

Chairman
Age: 59
Whole Time Director
Age: 57
Total Annual Compensation: $573.6K
Executive Director and Member of Share / Debenture Transfer-cum-Shareholders/Investors Grievance Committee
Age: 35
Total Annual Compensation: $480.0K
Compensation as of Fiscal Year 2013.

Pasupati Spinning & Weaving Mills Limited Key Developments

Pasupati Spinning & Weaving Mills Limited Announces Standalone Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Year Ended March 31, 2014

Pasupati Spinning & Weaving Mills Limited announced unaudited standalone earnings results for the fourth quarter and audited earnings results for the year ended March 31, 2014. For the quarter, the company reported net sales/income from operations of INR 544.5 million against INR 435.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 14.0 million against INR 28.7 million a year ago. Loss from ordinary activities before tax was INR 8.2 million against profit of INR 13.9 million a year ago. Net loss was INR 18.6 million or INR 1.98 per basic and diluted share after extra ordinary items against net profit of INR 147.0 million or INR 15.74 per basic and diluted share after extra ordinary items a year ago. For the full year, the company reported net sales/income from operations of INR 2,078.2 million against INR 1,565.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 78.7 million against INR 137.6 million a year ago. Profit from ordinary activities before tax was INR 5.7 million against profit of INR 66.5 million a year ago. Net loss was INR 4.7 million or INR 0.50 per basic and diluted share after extra ordinary items against net profit of INR 199.6 million or INR 21.38 per basic and diluted share after extra ordinary items a year ago.

Pasupati Spinning & Weaving Mills Limited, Board Meeting, May 27, 2014

Pasupati Spinning & Weaving Mills Limited, Board Meeting, May 27, 2014. Agenda: To approve unaudited standalone earnings results for the fourth quarter and audited earnings results for the year ended March 31, 2014.

Pasupati Spinning & Weaving Mills Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Pasupati Spinning & Weaving Mills Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, net sales/income from operation was INR 586.8 million against INR 283.8 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 30.3 million against INR 21.4 million a year ago. Profit form ordinary activities before tax was INR 14.6 million against INR 2.3 million a year ago. Net profit was INR 14.6 million or INR 1.56 per basic and diluted share against INR 2.3 million or INR 0.22 per diluted share a year ago. For the nine months, net sales/income from operation was INR 1,533.6 million against INR 1,021.3 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 64.7 million against INR 102.4 million a year ago. Profit form ordinary activities before tax was INR 13.9 million against INR 46.1 million a year ago. Net profit was INR 13.9 million or INR 1.48 per basic and diluted share against INR 46.1 million or INR 4.46 per diluted share a year ago.

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