Akshar Spintex secures Rs 171 crore international order - Details

Akshar Spintex said that the fulfilment of such a sizable international order would contribute to enhancing its global market presence.

The company has an average operating leverage standing at 88.76.

Akshar Spintex Ltd has received an international order of a significant amount, the company said. Informing about the order, the company in a recent filing with the BSE said that it is worth Rs 1.71 billion or Rs 171 crore. The order will involve the supply of high-quality yarn to various fast fashion brands through a globally recognized client.

Share details, the company stated, "This Rs. 171 crore endeavour encompasses the provision of high-quality yarn to various fast fashion brands through a globally renowned client, known for its affiliations with prestigious fashion labels."

Anticipating a substantial positive impact on the company's revenue, Akshar Spintex said that the fulfilment of such a sizable international order would contribute to enhancing its global market presence.

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"The successful execution of this order underscores the operational excellence of Akshar Spintex Ltd. Our ability to not only meet but exceed international demand highlights the efficiency, reliability, and robustness of our operational processes. This represents a pivotal stride towards sustained success in the global textile landscape, and our commitment remains unwavering in creating enduring value for our shareholders while maintaining positive momentum in our business operations," the filing stated.

Additionally, the company has an average operating leverage standing at 88.76. This high level of operating leverage can translate into proportionally larger changes in operating profit with even modest changes in sales, a valuable asset for profitability and efficiency. The company's strategic location in Gujarat, one of India's major cotton-producing regions, provides access to a steady supply of raw materials and government incentives, enhancing operational efficiency.

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