BSL Ltd Q3 net profit declines 22 percent to Rs 3 crore

BSL Ltd, a leading textile firm reported a 22 percent decline in net profit to Rs 3 crore ($3,45,254) for the third quarter ended December 2024, as against Rs 4 crore in the corresponding quarter of the previous fiscal year.

The company’s revenue for the quarter was down marginally by 1 percent to Rs 170 crore, as against Rs 171 crore in the corresponding quarter of the previous fiscal year.

Commenting on the results, Nivedan Churiwal, managing director of BSL Ltd in a statement said, “The slight dip in revenue was primarily driven by market-driven pricing adjustments and moderated demand in the yarn segment.  These results underscore our relentless focus on operational excellence and disciplined cost management, reinforcing our commitment to diversifying our premium product range and strengthening our international footprint.”

“We remain confident that our strategic focus on value-enhanced yarn offerings, alongside expanding our fabric capacity, will unlock new growth opportunities in the upcoming quarters,” he added.

BSL Limited runs a vertically integrated unit which integrates spinning, weaving, processing, and manufacturing capabilities. Apart from ‘BSL’, the company also sells premium fabrics under the ‘Geoffrey Hammonds’ brand.