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RSMW Reports Rs 464 Cr EBITDA While 250% Dividend

The company's EBITDA for FY22 stands at Rs 464 crore to Rs 215 crore in FY21

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RSWM is one of the largest manufacturers and exporters of value added synthetic, mélange, blended spun yarns and denim fabric from India, on Friday announced its financial results for the quarter and year ended March 31st , 2022.

Total sales recorded for FY22 stands at Rs 3,817 crore, that is 64 per cent YoY. Export recorded sales Rs 1,419 crore up 87 per cent YoY

The company's EBITDA for FY22 stands at Rs 464 crore to Rs 215 crore in FY21. While the PAT stands at Rs 240 crores up by 11x.

Riju Jhunjhunwala, Chairman & Managing Director of RSWM said, “In FY22 RSWM has demonstrated solid execution and showcased the inherent strengths of its business model. We have achieved substantial scale-up in revenues, margin expansion and profit growth to deliver value in a tough operating environment marked by continuing impact of the global pandemic, geo-political upheavals, inflationary trends and supply chain bottlenecks We expect the situation to improve in coming quarters and remain focused on execution and agile to the market opportunities. We at RSWM are now ready to take a leap to transform our business to the next level. We remain committed to future growth plans with focus on enhancing our product portfolio, geographical reach and improving efficiencies of higher return on investments. We now look into the future with excitement and purpose, confident in our ability to drive continuing value for stakeholders by delivering on the strategic business plan."

The Board of Directors has recommended its dividend of 250 per cent to equity shareholder, i.e. Rs.25 per equity share of Face Value of Re. 10.0 each for the year ended March 2022. The same shall be paid subject to the approval of shareholders.

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