Arvind Ltd

By Research Desk
about 10 years ago
Arvind Ltd

 

Growth in this quarter was led by brand and retail, textiles and then realty, in that order. Brand and retail showed a 21% (YoY) rise in revenue though EBIT was flat. Textiles revenue rose 10% and its EBIT rose 15%. Real estate which contributes less than 2% to total revenue showed the best growth – 164% jump in revenue and a whopping 58 times growth in EBIT.

The company thus ended Q3FY15 with a consolidated net profit at Rs.109 crore, up 7% on a 17% rise in net sales at Rs.2069 crore. EBITDA for the quarter came in at Rs.288 crore, up 16% though margins fell from 14.08% to 13.92%. The dip in margins can be attributed to the 16% rise in total expense. The company’s interest cost rose 27%. In the current Q4 quarter, the company hopes to maintain margins are current levels.

363.20 (+10.25)

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