GHCL Textiles Reports Q3 Profit, Announces Closure of Kaveri Unit

GHCL Textiles Ltd has released its financial results for the December quarter, reporting a revenue from operations of ₹2.85 billion and a profit of ₹93.7 million. Despite the positive financial performance, the company's board has approved the discontinuation of production at its Kaveri sector unit. This strategic decision is likely aimed at optimizing operations and improving overall efficiency. The closure of the Kaveri unit may impact the company's production capacity in the short term, but it's expected to contribute to better profitability in the long run. GHCL Textiles continues to adapt to changing market conditions in the competitive textile industry.

Source: GHCL Textiles Ltd Quarterly Results and Board Meeting Outcome, February 2025