New Delhi [India], May 5 (ANI/NewsVoir): In the era of strenuous economic times, a whole lot of industry leaders have stepped up their game, demonstrating exceptional courage against all odds and challenges and have triumphed in their respective fields, generating an extraordinary value for their stakeholders as well as their vendors.
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Revenue for the quarter is at an all-time high with a top line of around 601 Crore with a growth of 49.02 per cent, Lux Industries Ltd managing director Pradip Kumar Todi, said
Lux Industries Ltd continues the growth streak with 49% rise in sales for Q4 - Strategy towards expansion is in place to increase the manufacturing and supply chain capacity to tab the market share in the ladies and kids segment.
Lux to clock Rs 1800cr revenue post-merger
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Last Updated: Apr 08, 2021, 10:25 AM IST
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Synopsis
The profit after tax of the consolidated unit of Lux Industries would be Rs 177 crore from the present level of Rs 122 crore. The current revenue of the company is Rs 1,210 crore.
Agencies The Lux scrip was hovering at Rs 1,800-1,810 level for the last few days after touching 1,899 in February 21 following the news of amalgamation.
(This story originally appeared in on Apr 08, 2021)Kolkata:
Lux Industries, one of India’s leading knitwear producers, would have a consolidated revenue of close to Rs 1,800 crore after the merger of group companies with itself. It was announced on Wednesday that the composite scheme of amalgamation of J M Hosiery & Co and Ebell Fashions Private with Lux Industries, has been sanctioned by the National Company Law Tribunal (NCLT).