Epic Update: stock of Siyaram Silk

[Epicresearch123]

At a time when most textile companies are struggling to have reasonably good business, the company showed decent financial performance in the September 2012 quarter. Its net sales grew by 9.6% to Rs263 crore on a year on year basis. Its net profits in the quarter under review grew by 5.5% to Rs17.9 crore. This growth was fostered by the company's inherent business model. Its presence in blended fabrics market works in its favour. The company has 4% market share of the blended fabric market in India.