From correspondents in Delhi, India, 06:20 PM IST

Richa Knits Limited (Richa) a leading Gurgaon based manufacturer of knitted fabric and readymade garments has posted excellent results for the financial year 2007-2008. Richa’s Sales turnover increased by 56% from Rs.63crs to Rs.100crs and the exports by 36% as compared to the last corresponding financial year.

Profit after Tax of Richa rose from Rs.3 crs to Rs.7 crs, an increase of 136% and EPS was also registered at Rs.4.27, up by 56% as compared to the previous year.

Richa has recently completed expansion of its capability in all the existing segments ie Knitting, Dyeing & Processing and Garment manufacturing and has completed the fully automated state-of-the-art manufacturing unit at Kawnra, Faridabad. With the commissioning of the plant at Faridabad, Richa has become one of the largest processors in the Indian Market.

The current capacity of the plant is 6000 kg per day for Greige knitted fabric. Richa serves some of the best global brands and exports to markets like USA, Canada & UK besides catering to the leading domestic players.

Source: Press Release Distribution via India PRwire