Envoy Textiles’ profits double to Tk 140 crore

Envoy Textiles, a listed textile manufacturer, saw its profits double to Tk 140 crore in 2024-25 fiscal year, driven mainly by higher sales.

The world's first LEED Platinum-certified denim textile mill disclosed today that its earnings per share rose to Tk 8.40 from Tk 3.58 in 2023-24, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website.

Based on the higher profits, the board of directors declared a 30 percent cash dividend for shareholders, up from 20 percent in the previous year.

The company also reported a net asset value per share of Tk 58 as of June 30, 2025, compared to Tk 52 a year earlier.

Envoy also announced that it has successfully commenced full-scale commercial operations at its waste fabric recycling plant.

The facility, established on its existing factory premises, has a daily capacity to process 12 tonnes of waste fabrics.

It handles both locally sourced and in-house generated pre-industrial and post-consumer waste fabrics, including garment cuttings and denim, and converts them into recycled fibre certified under the Global Recycled Standard and Recycled Claim Standard.

The recycled fibre is directly reintroduced into the company's yarn production cycle, creating a closed-loop system.

Envoy believes the project will enhance long-term value by strengthening its competitive edge in the global market for sustainable textiles.

Despite the strong earnings, Envoy's share price fell 1.22 percent to Tk 57 today at the DSE.