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Century Textiles & Industries Ltd.
Q2FY23 Quarterly Result Announced for Century Textiles & Industries Ltd.

Century Textiles & Industries announced Q2FY23 results: Net sales increase by 21% YoY EBITDA rises 42% VoY. PAT surges by 118% as compared to Q2 FY22. Commenting on the Q2 FY23 results, R K Dalmia • Managing Director, Century Textiles and Industries Limited (CTIL) said - "Building upon the momentum initiated in the previous quarter, the company performed even better in this quarter, especially due to increased market demand during the festive season, favourable impact of the single-use plastic ban as well as several cost-reduction initiatives implemented across our production facilities. The Pulp and Paper business delivered stellar performance backed by increased demand across all segments with timely price corrections and cost reductions. While the Textiles business is facing challenging times, apparel fabric demand has been stable in the domestic market. The Real Estate business registered robust growth with propped up demand for quality housing on account of the stable job market and steady infrastructure investments." Result PDF

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