Kalahridhaan Trendz bags Rs 115 crore order - Check details
The companys annual revenue surged by 5.5 per cent to Rs 194.31 crore in the last fiscal year.
Kalahridhaan Trendz Limited (KTL) has secured Rs 115 crore order from Beximcorp. This order is the largest single contract in KTL’s history.
This order comes at a crucial time when the Bangladesh textile industry, once a global leader, is grappling with severe challenges due to an unstable government and adverse political conditions.
Meanwhile, the company’s annual revenue surged by 5.5 per cent to Rs 194.31 crore in the last fiscal year.
In terms of profitability, KTL reported annual net profit of 20.89 per cent to Rs 8.05 crore.
Earlier, the company informed exchanges that it is planning an expansion to boost its production capacity to meet the surge in demand. According to the company, it is set to upscale its manufacturing capabilities to 7.00 lakh meters per month.
"This significant move comes as part of the company's strategic vision to cater effectively to the evolving needs of its customers and capitalize on emerging market opportunities," the company said in an exchange filing.
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