CRISIL&Nbsp; The Report Predicts That India'S Textile Profits Will Pick Up In The Second Half Of The Year.

2011/12/20 13:38:00 5

India's largest credit rating and research firm CRISIL reported that profitability of India textile company will increase in the coming quarters due to low input costs and growing demand.

CRISIL said the valuation of enterprises.

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As profit margins expand, corporate profitability is likely to increase. We expect that the profitability of yarn and man-made fiber enterprises will increase in the next few quarters, as a result of lower input costs and moderate demand growth.

During the first half of this financial year, the company encountered serious problems.

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Pressure, which led to a significant reduction in the market value of enterprises.

India is the world's second largest supplier of textiles, and this year's goal is to increase exports of textiles and clothing to US $33 billion.

Textile industry holds more than 1 billion rupees bank loans, most of them

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They started to default on loans to banks because of soaring raw material prices and sharp drop in demand, causing their profits to shrink.

In the month of April -10, cotton yarn output decreased by 15% compared with the same period last year, while cloth production decreased by 19% compared with the same period last year, and prices soared.

Of the 226 listed companies, most of the 187 or 83% companies did not perform well in the current financial year, and 127 of them were net loss.