Arvind Ltd

By Research Desk
about 11 years ago
Arvind Ltd

 

The company posted the Q3FY14 numbers before the market ended its session but despite the good numbers, it ended the day in the red. Arvind posted a consolidated net profit at Rs.102 crore, up 35% (YoY) on a 28% jump in net sales at Rs.1792 crore. EBITDA came in at Rs272 crore, up 46% but the best expansion was in the EBITDA margin, which spurted up by a whopping 190 bps to 15.2%

This performance was spurred on by textiles and retail segments. The textile segment showed a 24% growth, driven by 20% growth in denim, 21% in woven fabrics and 35% in garment manufacturing. This segment contributes over 65% to the total income of the company. The other segment which did well was retail, which showed a 30% growth, contributing 30% to the overall topline. The company has ended 9MFY14 with a net profit at Rs.260 crore, which has already surpassed that of FY13 net profit of Rs.248 crore; clearly, with one more quarter to go, it will end FY14 on a much higher and exuberant note.

363.20 (+10.25)

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