Bulletin Updates

Tirumala Cotton is doing well – 9 Jan 2023

Jan 09, 2023

The rating reaffirmation reflects healthy growth in the operating income of Tirumala Cotton & Agro Products Private Limited (TCAPPL) in FY2022 to Rs. 405 crores (Rs.282.4 crore in FY21). However, the company's revenues are likely to decline by 10-15% on account of a sharp increase in cotton prices and pressure on yarn demand

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