Filatex Fashions: Textile and Mining Ventures Propel Revenue Growth
Hyderabad's Filatex Fashions reported a 7% revenue hike in 2024-25, totaling Rs 191.65 crore. Its mining subsidiary secured major export orders worth millions, contributing to the growth. Filatex Mines and Minerals became a subsidiary recently, boosting the parent company's overall performance.
- Country:
- India
In a notable development, Hyderabad-based Filatex Fashions has reported a substantial 7% rise in revenues, reaching Rs 191.65 crore during the 2024-25 fiscal year, enabled by burgeoning export orders.
Of particular note is Filatex Fashions' mining subsidiary, Filatex Mines and Minerals, which played a crucial role in this growth, securing significant contracts. Noteworthy are orders from Bloomflora Ventures Ltd and Societe DIMO - BTP SARL, valued in the millions.
Filatex Mines and Minerals joined as a subsidiary through a strategic equity swap on September 13, 2023, and has since fueled the company's fiscal successes, registering notable profit increases this year.
(With inputs from agencies.)
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- Filatex
- Fashions
- Textiles
- Revenue
- Export
- Mining
- White Marble
- Guinea
- Profit
- Subsidiary
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