Active Clothing posts Q4 net profit of Rs 39 lacs
Active Clothing Co Limited reported a net profit of Rs 39 lacs ($47,187) for the quarter ended March 2023, as against Rs 13 lacs in the year-ago period.
The company’s total income for the quarter rose to Rs 44 crore, as against Rs 26 crore in the corresponding period of the previous fiscal year.
Active Clothing’s net profit for the financial year 2023 rose to Rs 2 crore as compared to Rs 52 lacs in the previous year.
The company’s total income for the fiscal year was Rs 200 crore, as against Rs 115 crore in financial year 2022.
Active Clothing plans to increase its annual production capacity by another 1 million sweaters this year and expects 30 percent next year.
The Punjab-based Active Clothing Co Limited is one of the leading sweater and knitted garment manufacturing companies in India. It designs, manufactures, and distributes apparel for men, women, and kids.
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