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Ahmedabad, Oct. 16

Nakoda Textiles Ltd posted a net profit of Rs 3.08 crore (Rs 2.55 crore), up 20 per cent as compared with that of the same period last year. The turnover was reported at Rs 199.61 crore, up 28 per cent for the same quarter. “We have managed our costs and pricing better in the wake of volatility in crude prices. Our cap-ex plans are well on track,” said Mr B.G. Jain, Chief Executive Officer and Managing Director. Nakoda caters to the small and medium texturisers . The company has a three per cent market share in the POY segment and 20 per cent share in the FDY segment. —

Our Bureau

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