Punjab based Active Clothing Co. Ltd., has achieved good growth in the first nine months of the current fiscal, as it is working with many Indian and international brands, which is known for products like sweaters and knitted garments.
Last year, the company’s total revenue for the nine months ended on December 31, 2022, was Rs. 156.95 crore as opposed to Rs. 89.11 crore, and increased by 76%.
In comparison to the same period last fiscal year, the company’s EBIDTA (Earnings before Interest, Depreciation, Tax, and Amortization) was Rs. 114.38 crore for the first nine months of the current fiscal year.
Profit before Tax (PBT) increased dramatically, increasing by 379% from Rs. 5.27 crore in 9M, FY ’22 to Rs. 25.28 crore in 9M, FY ’23.
Rajesh Mehra, MD of the company said, “Our strong commitment to quality and customer satisfaction has made it be one of the most admired garment companies which follows and supports sustainable, environmental-friendly process; practices high level of integrity and fairness in dealing, remains focused on developing specialty and technical products for safety and functionalwear.”
Notably, the 25-year-old company is going for massive expansion programme. The project, which is expected to have around 168 flat knitting machines, will, in all likelihood, become fully operational by April 2023.
