Textile: 3QFY25 Earnings to increase ~3%QoQ - By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">TSL Textile Universe profitability is expected to increase ~3% on a quarterly basis during 3QFY25, driven by improved textile exports and reduced financial costs. However, earnings to decline ~11%QoQ, primarily due to the higher input costs, higher energy costs and high taxation. Consequently, gross margins will remain under pressure during FY25. Moreover, improved demand for value-added textile during the quarter will contribute to the topline, driven by higher festive-demand.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Textile exports reflected a modest 10%YoY growth in 3QFY25, due to increase in exports of value-added products and other textiles. Moreover, local cotton prices remained stable...