Textile and Plastic Company Receives Rs 29 Crore Domestic Order For 2.6 Million Meters Coating Work

On YTD basis the stock is down by 15 per cent while in the last 12 months it is up by 84 per cent.

Candour Techtex Limited, formerly known as Chandni Textiles Engineering Industries Ltd, has announced a significant development: the company has received a Letter of Intent from ASK Apparels. This order is for job work involving coating and lamination, covering 2,600,000 meters and valued at ₹29 crores. The order, sourced from a domestic entity, is anticipated to be completed within one year. 

In the Quarterly Results of March 2025, the company reported a revenue of Rs 53.82 crore, reflecting a YoY growth of 27.63 per cent compared to Rs 42.17 crore in March 2024. The operating profit stood at Rs 0.04 crore, marking a decline of 90.24 per cent from Rs 0.41 crore in the same quarter last year. The profit after tax (PAT) stood at a loss of Rs 0.74 crore, compared to a loss of Rs 0.15 crore in March 2024, showing a negative growth of 393.33 per cent.

In FY25, the company posted a revenue of Rs 188.10 crore, registering a 1.82 per cent growth compared to Rs 184.73 crore in FY23. The net profit for the year stood at Rs 0.67 crore, compared to a loss of Rs 1.06 crore in the previous financial year, showing a growth of -163.21 per cent.

Candour Techtex Limited is primarily engaged in the textile industry, focusing on coating and lamination work. The company's business involves providing specialized services in textile processing, which are crucial for enhancing the durability and functionality of textile products. This includes undertaking large-scale job orders for various applications within the textile sector. On YTD basis the stock is down by 15 per cent while in the last 12 months it is up by 84 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.