The Hyderabad-based Shreeyash Industries Ltd has secured a Rs 21.30-crore order for supply of shirts for an Italian brand. It has bagged the order from Colombo Trade, Breschia, Italy according to a BL report.
The company said said that it was in the process of manufacturing ‘Oxford Shirts’ for an Italian brand Vancini. The trial order of 5,000 shirts was under production, after which the regular order was for 50,000 shirts per month. The prices were quoted in Indian rupee in view of the volatile nature of international currencies, the report added.
Net profit of Shreeyash Industries rose 1500 percent to Rs. 0.16 crore in the quarter ended December 2011 as against Rs. 0.01 crore during the previous quarter ended December 2010. Sales increased 3041.18 percent to Rs 5.34 crore in the quarter ended December 2011 as against Rs 0.17 crore during the previous quarter ended December 2010.