The company had a net profit of Rs 15.5 crore during the same period the previous fiscal year, Sutlej Textiles said in a statement.
Net sales of the company rose to SR 413.8 crore in the first quarter ended June 30 compared to SR 348.7 crore in the same period last year.
Commenting on the results of the Sutlej Textiles and Industries Ltd., President of CS Nopany said. "The textile industry is going through a break-in due to a significant reduction in raw materials and finished products, the uncertainty among buyers of mind "
"I am pleased that the Sutlej was able to minimize the impact of weak markets in the first quarter and is designed to meet the challenges posed by difficult market conditions," said Nopany.
Sutlej Textiles shares today closed at Rs 213.30 on Bombay Stock Exchange, down 0.77% from its previous close.