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Sarla Performance Fibers Limited (SPFL), India - News and Events, Current Updates
 
 
 
 
 
SARLA was awarded The EPCES [Export Promotion Council for EOU & SEZs] Award for “The Best EOU (other than MSME) unit” under SEEPZ-SEZ in the product group category, Textile and Textile Products for its outstanding Export Performance in the year 2015-2016.


 
  
 
 
 
Sarla Performance Fibers Limited is once again, proudly recognised at the SME Business Excellence Awards hosted in New Delhi on November 23rd 2015. The company won the award in the Textiles & Garments- Mid Corporate Sector for the year 2015.


  
 
 
 
Sarla Performance Fibers Limited Q4 & FY2013 Earnings Conference Call conducted on Wednesday,18th Feb 2015 at 1:30 pm IST.

Conference Call Invite.
Conference Call Text Transcript .
  
 
   
 
Sarla Performance Fibers Limited is the proud winner of the BEST GLOBAL BUSINESS AWARD 2014 at the SME Business Excellence Awards hosted in New Delhi on November 24th. 2014.

This initiative was launched by The Times Group, Federal Bank and Dun & Bradstreet (D&B) to recognize and felicitate SMEs who have demonstrated exemplary performance in their respective fields.


 
   
 
 
 
Sarla Performance Fibers Limited is once again, proudly recognised at the SME Business Excellence Awards hosted in New Delhi on November 23rd. 2015. The company won the award in the Textiles & Garments- Mid corporate sector for the year 2015.
   
 
 
 
Mr. Parantap Dave has joined SPFL’s Board of Directors as an Additional Director with effect from September, 2014.
   
 
 
 
Sarla Performance Fibers, is now an ISO 9001:2008 Certified company, reinforcing its focus on quality and service.
   
 
 
 
SARLA was awarded The EPCES [Export Promotion Council for EOU & SEZs] Award for “The Best EOU (other than MSME) unit” under SEEPZ-SEZ in the product group category, Textile and Textile Products for its outstanding Export Performance in the year 2012-2013.


 
   
 
   
 
Mr. L.P Aggarwal has joined SPFL’s Board of Directors as an Additional Director with effect from 1st November, 2013.

 
   
 
Sarla Performance Fibers Limited Q4 & FY2013 Earnings Conference Call conducted on Tuesday, 4th June, 2013 at 12:00 noon IST.

Conference Call Invite.
Conference Call Text Transcript .
 
   
 
On 30th September 2012, SPFL commissioned an additional 2 Wind Turbine Generators of 2 MW per anum each in Sangli District, Maharashtra.

Today, SPFL commands a wind power generating capacity of 7.25 MW per annum from its 4 WTG’s combined.

 
   
 
SarlaFlex LLC. USA was incorporated on 2nd April 2012 in Colleton County, Walterboro, South Carolina as a 100% subsidiary of Sarla Performance Fibers, India.

 
   
 
On 31st March 2011, SPFL commissioned its second wind turbine generator (WTG) in Visapur, Maharashtra. This WTG has a capacity of 2 MW.
   
 
Sarla Performance Fibers (SPFL) reported significant improvement in Consolidated H1 EPS of Rs.17.86 on the back of 20% increase in sales. Most of the sales increase was driven by export of value added high tenacity nylon and polyester yarns.  SPFL –Standalone sales (excluding trading sales) volume rose by 25% and average selling price by 3% during the first half of the financial year. Savitex, a joint venture company of SPFL in Central America also supported this growth by increasing its revenue by 16%.   

Commenting on this H1 performance, SPFL’s MD Mr. Krishna Jhunjhunwala said “We have been working hard to achieve a strong growth. Our growth in Q2 is especially noteworthy because the RM cost pressure was quite sudden and sharp. We have managed to pass on some of the material cost increases and expect to pass on further going forward. Had it not been for this sharp spike in RM cost, our earnings would have surged further. SPFL is benefiting from its recent presence in Turkey, Portugal and direct sales to large customers in the US”.  He also mentioned that “demand in Europe and US market continues to remain under pressure but that has increased scope of low cost outsourcing and SPFL is well positioned to benefit from the same. Current situation in Europe and US also presents the company with the opportunity to carry out strategic buyouts and partnerships to increase its sales further in these markets and reach large customers directly.”

SPFL has cash (including cash equivalents) of Rs. 88mn and working capital debt of Rs 279mn at the end of H1. Company’s book value stood at Rs 118 per share at the end of H1, an increase of 8% over FY10. SPFL continued to monitor foreign exchange situation and does not foresee any major threats on this front due to its natural hedge of imported raw material.

Last year, SPFL invested in wind power capacity of 1.250 MW by spending Rs. 63mn. This year, depending upon the cash surplus and attractiveness of the returns it will consider investing fresh funds in wind power. In core business, the CAPEX needs are limited and are unlikely to exceed Rs 30mn (excluding Building CWIP) this year.

About Sarla Performance Fibers Ltd
.

SPFL is a leading exporter of high tenacity polyester and nylon yarns, having plants in India (Vapi, Silvassa) and Central America (through JV in Honduras). Over the last 15 years, SPFL has exported yarns worth Rs 5.95bn. In FY10, SPFL achieved revenue of Rs 1.31bn, cash profit of Rs 0.17bn and paid a dividend of Rs 3.5 per share. SPFL is promoted by Madhusudan Jhunjhunwala and Krishna Jhunjhunwala. The Jhunjhunwala family holds 63% in SPFL and the balance is held by public. SPFL stock has a face value of Rs10 and is listed on the Bombay Stock Exchange and the National Stock Exchange with a market capitalization of Rs 1078 mn as on 10 November, 2010.

 
 
   

SPFL’s recently established Joint Venture in Turkey witnessed a grand inaugural. The ribbon cutting ceremony was attended by both partners.


   
 
 
 

Sarla Performance Fibers (SPFL) reported significant improvement in Consolidated Q1 EPS of Rs. 7.89 on the back of 53% increase in sales, excluding sales of traded goods last year in Q1. Most of the sales increase was driven by export of value added high tenacity nylon and polyester yarns.  SPFL sales volume rose 29% and average selling price by 11% during the quarter.  Savitex, a joint venture company of SPFL in Central America also supported this growth by increasing its revenue by 38%. 

Commenting on this Q1 performance, SPFL’s MD Mr Krishna Jhunjhunwala said “We are not surprised by this earnings growth in Q1 and barring unforeseen situation expect a healthy growth in the coming quarters due to addition of big new clients, sourcing arrangements with dedicated buyers in Turkey and Portugal and increased production from company’s high tenacity nylon yarn plant.”  He also mentioned that “demand in Europe and US market continues to remain under pressure but that has increased the scope of low cost outsourcing and SPFL is well positioned to benefit from the same. Current situation in Europe and US also presents the company to carry out strategic buyouts and partnerships to increase its sales further in these markets and reach large customers directly. “

SPFL has cash of Rs 76m and working capital debt of Rs258m at the end of Q1. Company’s book value stood at Rs 113 per share at the end of Q1, an increase of 4% over FY10. SPFL continued to monitor foreign exchange situation and does not foresee any major threats on this front due to its natural hedge of imported raw material.

Last year, SPFL invested in wind power capacity of 1.250 MW by spending Rs63m. This year, depending upon the cash surplus and attractiveness of the returns it will consider investing fresh funds in wind power. In core business, the CAPEX needs are limited and are unlikely to exceed Rs25m (other than new factory building) this year.

About Sarla Performance Fibers Ltd

SPFL is a leading exporter of high tenacity polyester and nylon yarns, having plants in India (Vapi, Silvassa) and Central America (through JV in Honduras). Over the last 15 years, SPFL has exported yarns worth Rs 5.75bn. In FY10 SPFL achieved revenue of Rs 1.31bn, cash profit of Rs 0.17bn and paid a dividend of Rs3.5 per share. SPFL is promoted by Madhusudan Jhunjhunwala and Krishna Jhunjhunwala. The Jhunjhunwala family holds 63% in SPFL and the balance is held by public. SPFL stock has a face value of Rs10 and is listed on the Bombay Stock Exchange and the National Stock Exchange with a market capitalization of Rs 850mn as on 12 August, 2010.

 
 
 
SPFL has put up a Wind Mill with a capacity of 1.250 MW in Baradiya, Gujarat. A strategic diversification, this venture is part of our environmental consciousness and social responsibility. Power generated from this Wind Plant is used capitvely for our dye house in Vapi.
 
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