Aastha Spintex bags ₹ 77 cr order, reflecting strong demand for cotton yarn
AI Summary
Aastha Spintex has reported a robust order book of Rs 77 crore for the July to October period, representing over 21% of its projected FY25 revenue, indicating strong customer demand and improved capacity utilization. The company has successfully diversified its client base and added new customers, while also benefiting from increased production capacity following the acquisition of Falcon Texotube. This growth trajectory is supported by a 21% CAGR in revenue from FY23 to FY25.
Aastha Spintex, a leading cotton yarn manufacturer, has reported an order book of Rs 77 crore for the four-month period from July to October, providing strong near-term revenue visibility.
The confirmed order pipeline represents over 21 per cent of the company’s FY25 revenue of about ₹352 crore, reflecting sustained customer demand and improved capacity utilisation.
The company has secured 55 confirmed orders of about 26.46 lakh kilograms of cotton yarn during the four-month period.
The order book comprises about ₹24 crore for July, ₹21 crore for August, ₹23 crore for September and ₹9 crore for October, ensuring healthy production visibility for the coming months, said the company.
The order pipeline is backed by repeat business from long-standing customers including 7Seas Impex and Texpert India, Elkins Tradelinks, Niva Export among others, while the company continues to diversify its customer base with over 10 active clients across Gujarat and neighbouring States.
During the period, Aastha Spintex also added Sharvay Agronics LLP as a new customer, further strengthening its market presence and reducing customer concentration risk.
The strong order inflow follows the successful acquisition of Falcon Texotube, which has expanded the company’s installed spinning capacity from 7,700 MT to 17,457 MT, while spindle capacity will rise from 25,920 to 61,824, enabling the company to execute larger and more frequent orders.
The ₹77 crore order book for July–October is a strong validation of post-Falcon growth strategy, said the company.
The company’s revenue increased from ₹240 crore in FY23 to ₹352 crore in FY25, reflecting a CAGR of 21 per cent.
Original Article
Published on Hindu BusinessLine