Yarn, fabric and denim maker Century Textiles & Industries has posted a 40% slump in first quarter profit to INR625m (US14.6m) from INR1.042bn in the same period last year.

Total income for the quarter to 30 June rose 12.9% to INR9.679bn, from INR8.576bn a year ago, the company said in a statement today (22 July).