In an exchange filing made after market hours yesterday, the company said that a patent has been granted on 01.09.2022 to the Company for an invention entitled a process for recycling of Polyethylene Terephthalate (PET) waste for the period of 20 years with effect from 2 June 2021. Filatex India is in the business of manufacturing synthetic filament yarns having a wide range of products. The companys standalone net profit declined 16.78% to Rs 43.39 crore despite a 46.41% increase in sales to Rs 1,023.29 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News
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