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.

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.